00:00The Banco Central ng Pilipinas, or BSP, reminds the public that the exchange of new banknotes or money is free of charge,
00:07urging to transact only with BSP-authorized banks.
00:10This is to prevent the charging of so-called service fees by some individuals or unauthorized groups.
00:16The central bank assures that the production of new banknotes is continuous to ensure sufficient supply in banks,
00:23especially now that an increase in demand for money is expected during the Christmas season.
00:28As an alternative, the BSP also encourages the public to use digital or e-money as a monetary gift or aguinaldo for godchildren, family and friends,
00:38adding that using e-wallets or giving e-aginaldos are a safer and more convenient way to send Christmas gifts this holiday season.
