Thursday, December 22, 2016

OFWs have until 2017 to replace old peso bills

Filipinos working abroad have until next year to have their old banknotes exchanged with new ones, a Balitanghali report said Wednesday, citing the Bangko Sentral ng Pilipinas (BSP).
The BSP is urging the public to have their old banknotes—or those released before December 2010—exchanged before December 31, 2016. However, a special exception was made for those with legal cases that involve banknotes as evidence and for OFWs who cannot return home this year.
The report said the OFWs must first register their names on the BSP website to qualify for the exception before the end of the year.
"Kung sila ay nagrehistro nung October 15, 2016, they have until October 15, 2017 to exchange," BSP Deputy Governor Diwa Guinigundo said in the report.
Concerned OFWs must register their name, passport number, passport issue date, address in the Philippines, country where they are registering in, their e-mail address, and the total amount that they will exchange.
An OFW can exchange up to P50,000, the report said. —Rie Takumi/KBK, GMA News

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