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Demonetization of the NDS Banknotes

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Banknote Series
Demonetization Schedule
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The old banknote series (NDS) will still be accepted in exchange for NGC banknotes at all authorized agent banks and all BSP offices and branches for

OFs may register their NDS here

Banknote Series

Old Banknote Series (NDS)

 

New Generation Currency (NGC)

This series, called the New Design Series, launched in 1985, will be demonetized.

 

This series, called the New Generation Currency, was launched in 2010.

nds   ngc

 

What are the distinguishing features between the old and the new banknote series?

Old Banknote Series (NDS)


old-logo

  • Features the old BSP logo
  • 8 denominations (5-, 10-, 20-, 50-, 100-, 200-, 500- and 1000-piso)
  • Security thread is thinner
  • Serial number is composed of 1 or 2 prefix letters and 6 to 7 digits which are uniform in size
  • The reverse side of the old notes features significant events in Philippine history, iconic buildings and heritage sites.
  •  

    New Generation Currency (NGC)


    new-logo

  • Features the new BSP logo
  • 6 denominations (20-, 50-, 100-, 200-, 500- and 1000-piso)
  • Security thread is wider
  • Serial number is composed of 1 or 2 prefix letters and 6 to 7 digits which are increasing in size
  • The reverse side of the new notes features iconic natural wonders and species that can be found in the country.