In a Manila Bulletin recent article, the old “New Design Series” (NDS) banknotes will undergo Banko Sentral ng Pilipinas’ (BSP) formal currency retirement or demonetization program and be demonetized by 2015, afterwards the “New Generation Currency” (NGC) banknotes shall be the only legal notes to be acknowledged. The start for NDS’ demonetization is said to be … Continue reading
The Philippines’ New Generation Currency banknote series, known as the NGC, received a finalist award for the Best New Banknote Series category during the 2011 Currency Conference held in Singapore last 5 October 2011. The award was given by the International Association of Currency Affairs (IACA), whose membership includes central banks, financial institutions and industry … Continue reading