KMJS Tries to Help Forgetful Old Man with Php95k Savings in ‘Old’ Money

KMJS Tries to Help Forgetful Old Man with Php95k Savings in ‘Old’ Money

Remember the old man who saved Php95k but forgot about it, only for his family to find the stash and discover they were just a few months late in exchanging the money because the ‘old’ bills have been demonetized? The story recently went viral because the last extended deadline for exchanging the old money had been on June 30. Considering that the family had found the money in September, they were 3 months late but because the Bangko Sentral ng Pilipinas (BSP) had been extending the deadline a couple of…

Kids Discover Forgetful Dad’s Php95k Savings, Learn that the ‘Old Bills’ have Zero Value as They Missed June 30 Deadline

Kids Discover Forgetful Dad’s Php95k Savings, Learn that the ‘Old Bills’ have Zero Value as They Missed June 30 Deadline

“Pera na, naging bato pa.” Since 2015, the Bangko Sentral ng Pilipinas (BSP) had made steps to ensure that the ‘old’ money series launched in 1985 will be returned by the public as these would soon have zero value. The demonetization was scheduled last January 1, 2017 but the deadline had been extended several times due to public clamor. But the BSP announced that the final deadline extension to exchange bills to the new series would be on June 30, 2017; after that, all the older currencies will be demonetized…