(NAR) VOL. 12 NO. 2 / JANUARY - MARCH 2001
a. The Branch shall withdraw from circulation ail notes and coins which for any reason whatsoever are unfit for circulation, and shall replace them with adequate notes and coins, except when such notes and coins fall under any of the following classifications:Adopted: 11 May 2001b. Muitilated notes and coins whose exchange value cannot be readily determined shall be accepted by the Branch on a collection basis only and shall be forwarded to the Cash Department, Bangko Sentral ng Pilipinas, Manila, where final evaluation of the exchange value will be undertaken.
- Notes and coins which are impossible to identify;
- Coins which show signs of filing, clipping and perforation;
- Notes which lost more than two-fifths of their surface or all of the signatures inscribed thereon.