Where to exchange current peso bills (Philippines) before 2014?

@dana820 (277)
Philippines
February 12, 2012 10:50am CST
So, our current peso bills will be demonetized by the end of 2013. Does anyone know where we can exchange our current bills to the new ones -- can we do that at any bank or only at BSP? Thanks in advance!
4 responses
craziestqueenever
@craziestqueenever (1819)
• Philippines
12 Feb 12
Is this for real? Where did you get this kind of information? Pardon me for my ignorance. I think we can exchange our current peso bills in any bank.
1 person likes this
bhonti
@bhonti (1246)
• Philippines
13 Feb 12
This is my first time to hear this news. Is this true, I think it will be hard to demonetize our previous peso bills. I think the best place, if ever, to exchange your old bills to new ones would be in BSP.
dana820
@dana820 (277)
• Philippines
13 Feb 12
Well, that's how it is - old money to new money. Been around long enough to see it happen. I once discovered very old one-peso coins saved in a shoe box that I totally forgot about; kind of defeats the purpose too 'cuz now I couldn't use them.
Ghajini
@Ghajini (776)
• Philippines
12 Feb 12
Yup this is true. I am not really sure though but it would be best to approach the nearest branch of your bank. However, I think that if you are seeking to exchange a high amount of cash, they may not be able to provide it since most banks even now, still issues old peso bills.
dana820
@dana820 (277)
• Philippines
13 Feb 12
I wish the banks will start using the new bills, to get them in circulation and all that. I get a little excited when I use an ATM nowadays... then again I get disappointed when it pushes out the current bills.
sweetajlo
@sweetajlo (175)
• Philippines
12 Feb 12
never heard of it..but when it is true well better go to the nearest bank and change it there then...