CIRCULAR NO. 81
Series of 1995
RETIREMENT OF ALL EXISTING CENTRAL BANK CIRCULATION COINS
English Series:10-centavo
denomination
Pilipino Series:1-piso, 50- 25- 10-, 5-, 1-sentimo denominations
Ang Bagong Lipunan (ABL) Series: 5-,
1-piso, 25-, 10-, 5-, 1-sentimo denominations
Flora and Fauna (FF) Old
Series:5-, 2-, 1-piso, 50-, 25-, 10-, 5-, 1-sentimo denominations
Flora and
Fauna (FF) Improved Series:2-, 1-piso, 50-, 25-sentimo denominations
Pursuant to Section 56 of Republic Act No. 7653, otherwise known as the
New Central Bank Act, Central Bank Coins of the
English,
Pilipino,
Ang Bagong
Lipunan (ABL), Flora and Fauna and
Improved Flora and Fauna Series shall be
surrendered to the Bangko Sentral ng Pilipinas (BSP) or to its authorized agent
banks, commercial banks, thrift banks (savings banks, development banks and
stock savings and loan associations) and rural banks, for replacement or
exchange at par with Bangko Sentral new coins starting January 2, 1996.
Said old series of Central Bank coins shall be legal tender for a
period of one year ending January 1, 1997. After this period, they shall cease
to be legal tender but may be exchanged or replaced at par without charge with
legal tender currency at the BSP Cash Department or any BSP Regional
Offices/Cash Units or agents duly authorized by the BSP for this purpose, during
the following year ending January 2, 1998.
After January 2, 1998, the aforementioned Central Bank coins which have
not been exchanged shall cease to be a liability of the Bangko Sentral ng
Pilipinas and shall be considered demonetized.
GABRIEL C. SINGSON
Governor