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The New Design Series (NDS) (also known as the BSP Series after the establishment of the Bangko Sentral ng Pilipinas) was the name used to refer to banknotes of the Philippine peso issued from 1985 to 2013 and the coins of the Philippine peso issued from 1995 to 2017. The banknotes were printed until 2013 (with 5-peso note were printed until 1995, 10-peso note until 2001, 20 and 1000 peso notes until 2012, and 50, 100, 200 and 500 peso notes until 2013), legal tender until December 31, 2015, and can be exchanged with NGC notes until its demonetization on January 3, 2018 where they co-existed with the NGC banknotes from December 16, 2010 to January 3, 2018. The coins were minted and issued from c. December 1995 to November 30, 2017, and remain legal tender as of 2023. It was succeeded by the New Generation Currency (NGC) Series issued on December 16, 2010, for banknotes and November 30, 2017, for coins.
The NDS/BSP notes were no longer legal tender since January 1, 2016 and demonetized two years later on January 3, 2018 after the BSP allowed the public to swap their old banknotes for the NGC but only those who secure a receipt showing that they went to the central bank before the December 29, 2017 final deadline of submission due to not being able to accommodate several individuals who tried to exchange their notes because of the unexpected number of people who arrived (originally scheduled by January 1, 2017).[1][2][3][4]
^"BSP to accommodate select individuals to exchange old peso bills on January 3". GMA News. December 28, 2017. Retrieved December 7, 2023.
^"Still hanging on to your old peso bills? Read this". ABS-CBNnews.com. December 29, 2014. Retrieved November 29, 2015.
^BSP Extends the Period for the Exchange or Replacement of New Design Series Banknotes at Par with the New Generation Currency Banknotes, Bangko Sentral ng Pilipinas press release, December 28, 2016
^BSP extends deadline for the exchange/replacement of old note series (NDS) at par with the new note series (NGC) until 30 June 2017 Bangko Sentral ng Pilipinas (www.bsp.gov.ph). Retrieved on March 30, 2017.
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