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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Wednesday, December 02, 2015

Read, then look, BSP urges Consumers before paying

BSP MANILA, December 1 (PIA) –Over the mounting complaints of the hard to distinguish colors of the New Generation Currency (NGC) which the central bank is circulating as legal tender, a key official of the Bangko Sentral ng Pilipinas (BSP) said it is high time that people should read and not just look.

In 2010, the BSP started replacing the New Design Series (NDS) of banknotes which started circulation in 1985.

As the BSP is slowly demonetizing the 30 year old NDS, the NGC replaces it as legal tender, explains BSP deputy governor Diwa Guinigundo, at a forum held at the central bank’s conference room, December 1. 

The NGC is still using generally the same color schemes as the NDS, with a little bit of tweaking, brightening up the colors, BSP said.
But with the new development, the central bank has accordingly received complaints about the hard to distinguish colors that are now being used.

Complaints bared that the P500 bill, which is yellow can be easily taken as P20, which is close to being orangey. The blue P1000 is also having an uncanny appearance of the P100.

But, BSP Deputy governor Guinigundo downplayed the issue saying “there is an extra zero in P1000.”

“The solution is a society that reads, we need to teach our people to read and not just look at the colors, Guinigundo urged information center managers from all over the country gathered at the BSP.

Pressing for proof on his claims, the deputy governor pointed out that dollar economies only have green banknotes, and still they do not have problems.

We have simply added the colors of the banknotes to help people determine the money, he noted.

Unless one is so drunk or visually incapacitated, he can not really be expected to correctly identify the money, Guinigundo added. 

Among the new colors are bright orange (P20), bright red (P50), ube (P100), bright green (P200), bright yellow (P500) and bright blue P1000.

As this floods the markets, the older NDS become unacceptable as legal tender for daily transactions starting January 1, 2016. On this date, only the NGC would be used for daily transactions, Guinigundo said.

Over this, authorities are asking people to spend their old banknotes now before they can not be accepted as legal payments come January 1.

Failing to do that, holders of old banknotes would have to exchange such in the banks, as these financial institutions are still mandated to accept the notes for exchange until the end of 2016. (rac/PIA-7/Bohol)

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