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Currency

This tag is associated with 4 posts

Spot Counterfeits Silver Coins using Rare Earth Magnets

With thousands of counterfeit/fake/replica coins coming out right now, it would be practical for the collector to ensure that they are purchasing the authentic ones. A fake silver coin can be quickly detected using a neodymium rare earth magnet. Here’s how… Hold the coin at an angle of 45 degrees, place the magnet at the … Continue reading

BSP starts decomissioning old NDS banknotes

The Bangko Sentral ng Pilipinas (BSP) will begin withdrawing old banknotes from circulation starting next year January 1. For almost three decades, we’ve been using the New Design Series (NDS) banknotes while the New Generation Currency (NGC) was released on December 2010, since then both NDS and NGC co-circulates countrywide. The currency retirement or demonetization process for … Continue reading

New Design Series notes retired by 2015

UPDATE (30Dec2014 post): BSP starts decomissioning old NDS banknotes 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. … Continue reading

Philippines’ Award Winning Banknotes

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

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