Acceptance of Old Central Bank Coins Policy

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BSP CIRCULAR LETTER: Acceptance of Old Central Bank Coins Policy

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Title Source: Supreme Court: Acceptance of Old Central Bank Coins Policy

Law: Bsp Circular Letter

Decision Date: Feb 28, 1997

Gabriel C. Singson, Governor of the Bangko Sentral ng Pilipinas, mandates all banks to accept old central bank coins for exchange with new currency until January 2, 1998, while prohibiting the recirculation of the demonetized coins to ensure their swift withdrawal from circulation.

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