Demonetization of P100 Treasury and Bank Notes

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Title Supreme Court: Demonetization of P100 Treasury and Bank Notes

Law: Republic Act No. 1191

Decision Date: Aug 25, 1954

In 1954, Republic Act No. 1191 mandated the demonetization of high denomination Treasury certificates and Central Bank notes in the Philippines, requiring owners to surrender them in exchange for smaller denomination notes, with the Central Bank publishing the serial numbers of surrendered and lost notes.

demonetization

high denomination

legal tender

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