BSP extends NDS replacement deadline anew

THE Monetary Board (MB) approved the extension of the deadline for the exchange or replacement of New Design Series (NDS) banknotes to the New Generation Currency banknotes to June 30.

In a press release sent yesterday, the Bangko Sentral ng Pilipinas said the decision of the MB was made “in response to public clamor for a longer period of exchange of NDS banknotes.”

This is the second extension granted by the MB, after it released BSP Circular 935 extending the deadline from Dec. 28, 2016 to March 31, 2017.
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