Demonetization of some commemorative coin series

THE Bangko Sentral ng Pilipinas (BSP) announced the start of the demonetization process of commemorative “Pilipino”, “Ang Bagong Lipunan (ABL)” and “Flora and Fauna” Coin Series pursuant to the decision of the Monetary Board (MB). These commemorative coins were minted on various dates from 1974 to 1994 and were sold in sets.

By virtue of Circular No. 81 dated July 28, 1995 the coin series of which these coins were part of were demonetized and ceased to be a liability of the BSP after January 2, 1998.

The above-mentioned coins, either individually packed or included in sets, were, however, not specifically mentioned in the Circular and thus not included in the original call for demonetization.

The public is advised of the following important information:

1. The commemorative “Pilipino”, “ABL” and “Flora and Fauna” Coins in sets and in individual packaging shall remain legal tender up to April 30, 2019 only. Thereafter, the said coins shall cease to be legal tender.

2. From May 1, 2019 to April 30, 2020, the commemorative “Pilipino”, “ABL” and “Flora and Fauna” coins in sets and in individual packaging may be exchanged with the BSP for an amount equivalent to the face value.

3. Starting May 1, 2020, the commemorative “Pilipino”, “ABL” and “Flora and Fauna” coins in sets and in individual packaging shall be considered demonetized.