Push Admin

BSP to demonetize P100,000 and P2,000 commemorative bills

Article (news)

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2017/business/08/01/100k-bill-2017-080717.jpg?ext=.jpg"/><figcaption>100,000-piso commemorative bill. <em>Courtesy: Bangko Sentral ng Pilipinas</em></figcaption></figure></div><p>MANILA - By August next year, rare banknotes issued to commemorate 100 years of Philippine independence will no longer have value, the Bangko Sentral ng Pilipinas announced Tuesday. </p><p>The BSP said the P100,000 and P2,000 Centennial Commemorative Notes will lose their value on August 1, 2018 as they have served their purpose. </p><p>While these rare banknotes, issued in 1998, will no longer be legal tender come August 2018, they may still be highly valued by currency collectors. </p><p>The P100,000 banknote, which featured Pres. Emilio Aguinaldo&#x27;s proclamation of independence and the “Sigaw ng Himagsikan,” is the biggest legal tender issued by the BSP, both in terms of face value and size. Only 1,000 pieces of this banknote were issued. </p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2017/business/08/01/2000-bill-2017-0801173.jpg?ext=.jpg"/><figcaption>2,000-piso commemorative bill. <em>Courtesy: Bangko Sentral ng Pilipinas</em></figcaption></figure></div><p>The P2,000 bill meanwhile depicted the oath-taking of then President Joseph Estrada and the re-enactment of the declaration of independence by President Fidel Ramos.</p>

<p>By August next year, rare banknotes issued to commemorate 100 years of Philippine independence will no longer have value, the Bangko Sentral ng Pilipinas announced Tuesday. <br /> </p>

By August next year, rare banknotes issued to commemorate 100 years of Philippine independence will no longer have value, the Bangko Sentral ng Pilipinas announced Tuesday.