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New Design Series

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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

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