OFWs with old banknotes can exchange them until 2017 –BSP

Overseas Filipino workers who still have banknotes from the old series launched in 1985 could still have them exchanged for one more year beyond the December 31, 2016, deadline set by the Banko Sentral ng Pilipinas — provided, however, that they register online.
BSP Deputy Director for Currency Issue and Integrity Office Maya Gratia Malic on Monday said OFWs who could not exchange their old banknotes with banks or BSP offices from January to December 2016 may register online starting October 1, 2016 to Dec. 31, 2016 through the central bank’s website, bsp.gov.ph.
The old banknotes can then be exchanged with the BSP within one year from the date of registration.
The BSP, however, limits the value of old banknotes that could be exchanged by each OFW to P10,000.
The central bank would also only honor the value of the old banknotes registered by an OFW for exchange, Malic said.
“Kung halimbawa may P10,000 na old banknotes ang isang OFW pero P5,000 lang ang pina-register niya, yung P5,000 lang ang iho-honor namin,” she told reporters during a briefing on the BSP’s demonetization program for bills from the Old Banknote Series.
Meanwhile, Malic said courts and other law enforcement agencies (OLEAs) keeping old banknotes for evidence in court cases must provide BSP with the list of their peso bill holdings on or before Jan. 31, 2017. The banknotes can be exchanged after the termination of the case.
As of Sept. 2015, Malic said there at least 432 million pieces of old banknotes in various denominations that are still in circulation, which represent 15 percent of the peso bills currently in use by the public.
“We are looking forward to the return of these [old] banknotes, which have an equivalent amount of P67 billion," she said.
Starting January 1, 2016, peso bills launched in 1985 may no longer be used for daily transactions, and can only be exchanged in banks and BSP offices until Dec. 31, 2016. They would fully lose their monetary value starting January 1, 2017.
The BSP’s demonetization process is in line with Section 57 of Republic Act No. 7653 or the New Central Bank Act.
The central bank is encouraging the public to use their old banknotes until Dec. 2015, or surrender them in 19 BSP branches and commercial banks in exchange for the New Generation Currency bills launched in 2010. —KBK, GMA News

Comments

Post a Comment

Popular posts from this blog

POPCOM, gagamit ng ‘digital platforms’ para pagtibayin ang mga ugnayang pampamilya

Mas pinalalawig ng Komisyon sa Populasyon at Pagpapaunlad (POPCOM) ang adhikain nitong pagpapalaganap at pagpapabuti ng pakikipag-ugnayan ng mga nakakatandang Pilipino sa kanilang mga anak na nagdadalaga at nagbibinata. Nitong Setyembre 21, ang POPCOM ay nagsagawa ng isang “parent-teen talk webinar” gamit ang Zoom, kung saan ang isang “interactive program” ang nagbigay ng naaayon na kaalaman at kasanayan sa mga magulang, habang tumulong ito sa mga anak na teenager na maabot ang kanilang buong potensyal. Hinikayat din nito ang mga nanay at tatay na sumali sa malayang usapan, lalo na sa mga usapin ukol sa sex at sekswalidad, na nakikitang makakatulong upang bumaba ang mga bilang ng mga pagbubuntis sa hanay ng mga kabataan. Maaaring mapanood ang webinar sa https://youtu.be/lZ9jrJCjYas. Ayon kay Ikalawang Kalihim (Undersecretary) Juan Antonio A. Perez III, MD, MPH, “ang webinar ay naging isang tagapag-simula at ‘padaluyan’ ng pag-uu
Read more

Biden said set to make push for demilitarized Palestinian state as part of new doctrine ---By LAZAR BERMAN

New York Times’ Thomas Friedman, who’s close to the US administration, says emerging doctrine would include Saudi-Israeli normalization, 2-state solution, and campaign against Iran US President Joe Biden’s administration is homing in on a new doctrine involving an unprecedented push to immediately advance the creation of a demilitarized but viable Palestinian state, The New York Times’ Thomas Friedman reported on Thursday. The plan, Friedman wrote, “would involve some form of US recognition of a demilitarized Palestinian state in the West Bank and Gaza Strip that would come into being only once Palestinians had developed a set of defined, credible institutions and security capabilities to ensure that this state was viable and that it could never threaten Israel.” White House officials “have been consulting experts inside and outside the US government about different forms this recognition of Palestinian statehood might take,” revealed Friedman. What he termed the new “Biden Doctrin
Read more

In Cairo, senior Hamas officials discuss hostage deal with Egyptian intelligence chief ---By TOI STAFF, AGENCIES and LAZAR BERMAN

Delegation said led by terror group’s Qatar-based political leader Ismail Haniyeh; Wall Street Journal reports Hamas demanding 150 security prisoners for each female soldier A delegation of senior Hamas officials arrived in Cairo on Thursday for talks with Egyptian officials on a possible deal that would see the release of hostages held by terrorists in Gaza. The delegation was led by Hamas political leader Ismail Haniyeh, who lives in Qatar, and included senior members Mousa Abu Marzook and Khalil al-Hayya, the Qatar-based Al-Araby news outlet reported, citing an unnamed Egyptian source. The Hamas officials met with the head of Egyptian intelligence, Major General Abbas Kamel, to discuss the details of a hostage deal proposal that was presented to the Gaza terror group earlier this week by Qatari and Egyptian mediators. The outline of the deal was drawn up during a meeting in Paris last week in the presence of Israeli and US officials, as well as Qatari and Egyptian negotiators, a
Read more