Central Banking

Philippines may get soiled notes clearing-house

Banking authorities in the Philippines said Thursday a cash management center would be set up in the Bangko Sentral ng Pilipinas. The center will serve as a central clearing-house to take mutilated or "unfit" peso notes out of circulation.

Source: ABS-CBN News

Banking authorities said Thursday they would be setting up a cash management center in the Bangko Sentral ng Pilipinas' Quezon City complex, which will serve as a central clearing-house to take mutilated or "unfit" peso notes out of

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