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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Thursday, December 15, 2016

BSP reminds info officers on Dec. 31 deadline to swap old paper bills

TAGBILARAN CITY, December 15 (PIA)--The Bangko Sentral ng Pilipinas (BSP) reminded the information officers of the local government units and national government agencies about the December 31, 2016 deadline to swap holdings of New Design Series (NDS) paper bills.

During the general assembly meeting of the Association of United Development Information Officers in Bohol (AUDIO-Bohol) recently hosted by BSP, Bank Officer Hazel Cultura said the old NDS banknotes launched in 1985 will fully lose monetary value starting Jan. 1, 2017.

Cultura added that under Section 57 of Republic Act (RA) No. 7653 or the New Central Bank Act, the BSP may replace notes of any series that are more than five years old and coins that are more than 10 years old.

The BSP defines demonetization as “the process of removing the monetary value of a legal tender currency by the issuing authority.”
However, Cultura clarified that only paper bills are included in the latest demonetization.

She said holders of NDS can still exchange NDS paper bills at face value in banks, the Cash Department of the BSP and the various BSP offices nationwide.

For NDS notes that are subject of court cases, it can be exchanged within six months after the corresponding legal cases have been terminated.

Clerks of Courts and law enforcement agencies were given an extension to swap their NDS from end of December 2016 to January 31, 2017.

Meanwhile, for overseas Filipino workers (OFWs), they are also allowed to swap their NDS holdings outside of the period given to the public.

OFWs are required to register their NDS holdings with the central bank through online application at https://orbs.bsp.gov.ph that started last October 1. The NDS holdings can be swapped within a year after the registration.

OFWs are allowed to swap up to P50,000 worth of NDS holdings in line with the 11th foreign exchange liberalization of the central bank.

“For those who are situated in war torn countries, the deadline for exchange is extended to 31 December 2017. There is no need for them to register,” Cultura said. (ecb/PIA7-Bohol)

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