As time flies so fast, the BSP or commonly known as Bangko Sentral ng Pilipinas is now still reminding the people that the old bill is only until year ends. Starting in January, he pointed out only the New Generation Currency (NGC) bills would be the currency in circulation.

He clarified the NDS banknotes could still be exchanged in banks and BSP offices until December next year before being demonetized in January 2017. ” the BSP has started consultations with stakeholders on the proposed new generation coins that would feature the electromagnetic signature (EMS) to guard against tampering and counterfeiting and is still  finalizing the new generation coins which we expect to issue three or four years from now. We are studying the designs as well as metal composition,” Guinigundo said.

All stores and merchandising are advise to accept the old bills and keep them to give it and exchange it to the banks to help lessen the circulating old bills in the country.