Our old Philippine money has been demonetized.
These banknotes below will become useless starting January 1, 2017.
We can still use these old Philippine banknotes for payment until December 31, 2015.
Starting January 1, 2016, we can no longer use them for payment. We can only exchange them at the banks.
Starting January 1, 2017, these old Philippine banknotes will NO longer have any monetary value.
These banknotes below will be the New Philippine banknotes, called NEW GENERATION CURRENCY (NGC):
Source: BSP Media Release Dated December 29, 2014, titled BSP Announces the Replacement Process of Old Banknotes (New Design Series, NDS) with New Generation Currency Banknotes.