The end for year 2016 is fast approaching and with less than
15 days to go, 2017 will be a fresh new year to start with. And speaking of
fresh start, I am reminding everyone that next year, our old Peso Bills which were launched more than 25 years ago will have
no more value by 2017. Yes, this
information is not new you might say, however, being familiar with humanity’s weaknesses,
we easily tend to forget. 😉
 |
| By 2017, the Old Banknote Series have no more monetary value. |
Last 2015, it was announced by the Central Bank of the
Philippines that starting January 2016, the old series of banknotes launched in
1985 will no longer be used for day-to-day transactions. By 2016, these old
bills can only be exchanged in commercial banks for new generation of banknotes
which was launched last 2010.
With that said, better check your alkansyas or piggy banks for you might have kept some old peso
bills. You might want to exchange them before the New Year arrives. Else, it
won’t have any monetary value by January 1.
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