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BSP hikes OFW’s allowable amount for exchange of NDS

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The Bangko Sentral ng Pilipinas (BSP) increased the allowable amount for overseas Filipino workers (OFW) for the replacement and/or exchange of new design series (NDS) banknotes in their possession that could not be physically exchanged from January 1, 201 6 to December 31, 2o16.

From P10,000, the BSP increased the threshold to P50,000 following the Monetary Board’s approval on September 8,2016.

Those who would avail of this however need to register their NDS banknote holdings at https://orbs.bsp.gov.ph starting 1 October 2016 to 31 December 2016. The overseas Filipinos will have one year from their registration date to present their original passport and printed confirmation notice to any BSP office for the processing of the NDS exchange.

Filipinos deployed to countries experiencing geopolitical crisis during the registration period (i.e., 1 October 2016 to 31 December 2016) who may not be able to register their NDS banknote holdings need only to present their original passport with exit stamp by authorities from war-torn countries and/or authorities from other countries that served as exit  points  for  repatriation  to  any  BSP  office  for  processing from 1 January 2017 until 31 December 2017, subject to the P50,000 limit for each OFW. 


All NDS banknote holdings submitted for exchange shall be subject to the usual piece by piece verification. For further inquiries, please contact the BSP through CIIOhelpdesk@bsp.gov.ph.
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  1. John WilliamAugust 27, 2023 at 3:19 PM

    I had mixed feelings about using Fast Passport. While their expedited service lived up to its name and got me my passport quickly, the fees were quite steep. It's definitely worth it if you're in a rush, but if you have more time to spare, you might want to consider other options to save on costs.

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