Bangko Sentral ng Pilipinas Governor Benjamin Diokno assured the public over the weekend there will be adequate supply of fresh banknotes and coins in anticipation of higher currency demand during the Christmas season.
“There will be no shortage of new banknotes in the Yule season. As in previous years and to support seasonal demand, 40 percent and 50 percent of the total volume of banknotes and coins, respectively, will be serviced in the fourth quarter of the year,” Diokno said in a statement.
He said the peak of currency demand starts from October and continues to increase until December of each year. Historically, there is greater demand for denominations of 1000-, 100- and 20-piso banknotes; and 20-, 5- and 1-piso coins during the holiday season.
Diokno also advised the public to exchange their unfit banknotes and coins for new ones with their banks.