Less than 8 percent of banknotes in circulation comprise New Design Series (NDS) bills that can no longer be used for purchases starting next year, the Bangko Sentral ng Pilipinas reported on Monday.
About P61 billion of the three-decade-old series still have to be exchanged for New Generation Currency (NGC) banknotes that were launched in 2010, central bank officials said, with less than two weeks left to 2015.
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