October 18, 2017: *** The newly-restored Holy Trinity Parish Church of Loay is formally turned-over on Sunday October 15, 2017 from the National Historical Commission of the Philippines (NHCP) to the Diocese of Tagbilaran through Bishop Alberto Uy. ***For the very first time, Bohol landed among the 14 finalists in the search for thr Most Business-Friendly Province in the country. ***PDEA-Bohol Head Agent Nicholas Gomez admitted that the drug problem in Bohol persists despite the reduction of supply of shabu coming from Cebu. *** The administration of the Bohol District Jail is now planning to acquire an x-ray machine as part of its crackdown on the entry of contraband into the jail facility, said BDJ Warden Jail Chief Insp. Felipe Montejo. *** DILG-Bohol conducted People's Forum on Federalism on October 17, 2017 at JJ's Seafood Village with city/municipal information officers and CSO/Faith-Based Representatives as participants. ***Schools across the province are expected to conduct make-up classes in lieu of class suspensios due to the two-a nationwide raspot astrike, according toDepEdBohol SchoolVGovernace and Operations Division Chief Desiderio Delgero. ***The province is bent on making history by getting a UNESCO recognition as a global geological park, the first for Philippines. ***The symbolic unveiling of the Geomarker at the Chocolate Hills Complex on Sunday will boost Bohol's application for UNESCO declaration of the entire province as a global geological park.

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Monday, December 28, 2015

Old P5, P10 bills still legal tender until December 31

CORTES, Bohol December 26, (PIA) –Contrary to popular belief, the old P5.00 and P10.00 bills of the New Design Series (NDS) can still be legal tender until December 31, reminds the Bangko Sentral ng Pilipinas (BSP).

BSP, who is into dissemination of information on the demonetization of the NDS which started circulating since 1985 circulated reiterated that the NDS can still be used for ordinary payments of goods and services until December 31 this year.

This too as the BSP has already started flooding the markets with the New Generation Currency, the new design which had been introduced into the market since 2 years ago.

According to BSP’s Hazel Cultura BSP, the P5 and P10 peso bills are among the 8 paper bills set for taking out of circulation starting January 1 of 2016.

Speaking at the Kapihan sa PIA, Cultura stressed that the NDS which came out over 30 years ago, has to be demonetized and a new design reintroduced to keep off from counterfeiters who have upgraded their skills to fake money.

The move is also in line with section 57 of the Republic Act No. 7653, or the New Central Bank Act that authorizes the BSP to replace banknotes that are in circulation for more than 5 years.

With the New Generation Currency which replaces the NDS, it bears more security features that would be difficult to fake, Cultura assured.

Beginning January 1, 2016, all money that would be circulating would be from the NGC, which can be identified by looking at the note’s serial numbers.

If the serial numbers, which can be seen on the lower left and upper right sides of the banknote are asymmetrical, meaning the letters and the numbers increase in size and thickness, then you are looking at NGC.

The NGC also uses a new BSP logo, which now feature the Philippine eagle instead of the old usual wheel logo of the Central bank.

Security features include look, feel and tilt elements in the note.

The NGC uses cotton and abaca fibers, making the texture feel rough to the touch, and the new banknote features embossed prints in the Bangko Sentral ng Pilipinas, money value, signatures and value panels, Cultura points out.

After December 31 however, while the NDS can not be used in daily transactions, it can be exchanged for the same cost at any of the banks, until December 31, 2016, according to the BSP. (rac/PIA-7/Bohol)

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