CBP CIRCULAR NO. 1326
Series
of 1992
RETIREMENT OF CENTRAL BANK NOTES,
"ANG BAGONG LIPUNAN"
SERIES (2-, 5-, 10-, 20-, 50-, AND 100- PISO DENOMINATIONS)
Pursuant to Section 59 of Republic Act No. 265,
as amended, otherwise known as the Central Bank Act, Central Bank notes of
the "Ang Bagong Lipunan"
(ABL) series shall be surrendered to the Central Bank of the Philippines
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 Central Bank New Design
Series Notes/legal tender coins starting February 3, 1992. The said Central
Bank ABL notes consist of the 2-, 5-, 10-, 20-, 50-, and 100-piso
denominations.
These Central Bank notes shall be legal tender
for a period of one year ending February 2, 1993. After this period, they
shall cease to be legal tender but may be exchanged or replaced at par and
without charge with legal tender currency during the following three years
ending February 2, 1996.
After February 2, 1996, the aforementioned
Central Bank notes of the
ABL series which have not been exchanged shall
cease to be a liability of the Central Bank of the Philippines and shall be
considered demonetized.
JOSE L. CUISIA, JR.
Governor