Skip to main content

BSP hikes OFW’s allowable amount for exchange of NDS

By
The Bangko Sentral ng Pilipinas (BSP) increased the allowable amount for overseas Filipino workers (OFW) for the replacement and/or exchange of new design series (NDS) banknotes in their possession that could not be physically exchanged from January 1, 201 6 to December 31, 2o16.

From P10,000, the BSP increased the threshold to P50,000 following the Monetary Board’s approval on September 8,2016.

Those who would avail of this however need to register their NDS banknote holdings at https://orbs.bsp.gov.ph starting 1 October 2016 to 31 December 2016. The overseas Filipinos will have one year from their registration date to present their original passport and printed confirmation notice to any BSP office for the processing of the NDS exchange.

Filipinos deployed to countries experiencing geopolitical crisis during the registration period (i.e., 1 October 2016 to 31 December 2016) who may not be able to register their NDS banknote holdings need only to present their original passport with exit stamp by authorities from war-torn countries and/or authorities from other countries that served as exit  points  for  repatriation  to  any  BSP  office  for  processing from 1 January 2017 until 31 December 2017, subject to the P50,000 limit for each OFW. 


All NDS banknote holdings submitted for exchange shall be subject to the usual piece by piece verification. For further inquiries, please contact the BSP through CIIOhelpdesk@bsp.gov.ph.
Labels:

Comments

  1. John WilliamAugust 27, 2023 at 3:19 PM

    I had mixed feelings about using Fast Passport. While their expedited service lived up to its name and got me my passport quickly, the fees were quite steep. It's definitely worth it if you're in a rush, but if you have more time to spare, you might want to consider other options to save on costs.

    ReplyDelete

Post a Comment

Popular posts from this blog

Empanada festival: A celebration of good taste and good life

By
By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd  of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become an annua
8 comments
Read more

PGIN honors Ilocano heroes of past, present through Heroes Walk

By
SPO1 Allan Lampitoc Franco of Banna, Ilocos Norte and PO2 Jovalyn D. Lozano of Adams, Ilocos Norte receive a resolution of commendation, a certificate of college scholarship grant to their family members and a P20,000 cash incentive each from the Provincial Government of Ilocos Norte represented by Governor Imee R. Marcos and Vice Governor Angelo M. Barba in recognition of their bravery and heroic acts in the Mamasapano clash in Maguindanao on January 25. Mr. Franco and Mr. Lozano were recognized on March 10 in time for the unveiling of the second batch of Ilocano heroes at the Heroes Walk located along the Sirib Mile in Laoag City.  (Lei Adriano) By Jennifer T. Pambid PGIN-CMO In honor of the heroes who brought freedom, fame and glory to the province as well as to the country in the past century, the Provincial Government of Ilocos Norte (PGIN) through the Education Department and Sirib Youth Office launched the second batch of Ilocano Heroes Walk on March 10, 2015.
5 comments
Read more

Pagudpud’s tourism transformer passes away

By
By Leilanie G. Adriano Staff reporter LAOAG CITY—Retired Philippine Air Force Col. Ricardo Nolasco Jr., owner of Hannah’s Beach Resort and Convention Center in Pagudpud, Ilocos Norte passed away on Wednesday evening, July 11, 2018. He was 67. “He did not survive an open-heart surgery,” said Ronald Dominguez, spokesperson of the largest resort at Brgy. Balaoi in Pagudpud. Known as the architect behind the transformation of Pagudpud town as a premiere destination of the north, Mr. Nolasco put up Hannah’s Beach Resort in what was originally meant as a family vacation resort. The rest is history when it expanded into more than 300-room executive villas and cabanas, with on-going infrastructure developments and set up various amenities. As a result, hundreds of domestic and foreign tourists visit here daily. The resort is on a cliff by the beach, which provides a spectacular view of the sparkling blue lagoon. “Yesterday will go down my lifeline as one
Post a Comment
Read more