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Lee

Deadline to exchange old peso bills moved to June

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Lee

Good news for those of you who might still have some of the old money.

Quote

 

http://news.abs-cbn.com/business/03/23/17/deadline-to-exchange-old-peso-bills-moved-to-june

The deadline to exchange old bank notes has been extended to June 30, from the end of March, before they are demonetized and lose their value as legal tender, the Bangko Sentral ng Pilipinas said Thursday.

The central bank also extended the demonetization deadline for the old banknote series to July 1 from April 17.

In terms of individual bills, the old notes comprise 8.6 percent of all money in circulation. In terms of value, it accounts for just 2 percent.

The March 31 deadline for overseas Filipinos to register their old bank notes for exchange was unchanged, the bank said.

 

 

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gmn47

:(

Edited by gmn47
answered my own question

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BossHog

So a genuine 100 peso note from 2003 will now be worthless

But a fake 1898 Spanish one peso coin still costs 800 pesos on the Mabini street sidewalk in Ermita?

So confusing!

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rfm010
12 hours ago, BossHog said:

So a genuine 100 peso note from 2003 will now be worthless

But a fake 1898 Spanish one peso coin still costs 800 pesos on the Mabini street sidewalk in Ermita?

So confusing!

But in ermita you're paying for the ambiance. 

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forces55

Hi I still have some old pesos notes that need to be changed. Can anyone help advise if there is a limit amount I can change at the bank? Do I need to bring any documentation for the change at the bank? Thanks in advance!

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samatm
6 minutes ago, forces55 said:

Hi I still have some old pesos notes that need to be changed. Can anyone help advise if there is a limit amount I can change at the bank? Do I need to bring any documentation for the change at the bank? Thanks in advance!

I exchanged about 5K worth last month...I cant imagine there would be limit.. but who knows every bank branch might treat it a bit differently.     Anyone remember the old 10 peso bill that had two  heros placed on it.. Locals commonly referred to as the bakla bill ? 

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nothingbutquestions

Asleep at the switch, is all I can say. This is news to me, and not good news. Can anyone guide me to, or provide, a list that details which bills are going away? Since I'm in the US, are my options only to mail to someone in the RP or hand to some one arriving RP before 6/30? Thanks for your help.

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Lee

Capture.JPG

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Lee

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Alfred E. Neuman

Lots of old bills are still in circulation, i had to tell  cashier to change the money they gave me a few times for giving me old ones.

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nothingbutquestions
3 hours ago, Lee said:

Just called PNB in NY and was told they only exchange notes in the Philippines. Thank you for the idea though and thank you for the poster which showed all the notes I have are soon to be worthless unless perhaps I can just mail them to Cebu,

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Lee
11 minutes ago, nothingbutquestions said:

Just called PNB in NY and was told they only exchange notes in the Philippines. Thank you for the idea though and thank you for the poster which showed all the notes I have are soon to be worthless unless perhaps I can just mail them to Cebu,

Sorry to hear that, I guess the other way would be if a member of a forum is going to the Philippines before June 30th and can buy them from you at a slight discount for the inconvenience, that way you do not end up losing it all or paying to ship them and risk loss along the way. I will not be going until next year, maybe someone who is planning on going can chime in. Good luck.

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Lee

BTW, if all else fails, go to some local Asian stores and see if they might want to buy it at a discount or know someone heading over who would. 

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Headshot

If I remember correctly, one of our members is heading to Subic Bay in a few days. Maybe he could take the money.

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Soarking

If all else fails you can always contact that Nigerian Prince.  He seems to have all sorts of contacts to send money to.  And after June 30 th your Pesos and his money will have the same value.

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nothingbutquestions

Even the Nigerian Prince said NO WAY.

Have to send it on to Cebu. Question is safest and cheapest and consider our time deadline. Any thoughts anyone?

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