Old style bank notes are being withdrawn this year and will no longer be legal tender as of 1st Jan 2016.
Might be worth checking your left over notes
http://www.abs-cbnnews.com/business/...eso-bills-read
Old style bank notes are being withdrawn this year and will no longer be legal tender as of 1st Jan 2016.
Might be worth checking your left over notes
http://www.abs-cbnnews.com/business/...eso-bills-read
Cheers Simon.
I'm sure people will be able to exchange them at banks in the Phils though..otherwise there'd be a blinkin riot.
Have a(nother) look at this thread, #29 and #30 :-
http://filipinaroses.com/showthread....-and-banknotes
# 29 in that thread states that the " New Design Series ", dating from 1985, are the " old " banknotes, to be fully demonetized on January 1 2017. The public may continue to use them up to December 31 this year ( 2015 ). For 2016 they may be exchanged at banks for the " New Generation Currency " series.
While these notes will have no purchasing value after this year, good ( uncirculated ) examples are already worth more than face value to collectors, especially the P 500 " Ninoy Aquino " note. "
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