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RA 1191 Section 5

RA 1191 Section 5

Section 5

SEC. 5. To all intents and purposes, the Treasury Certificates and the Central Bank notes of the denominations of over one hundred pesos, demonetized under this Act shall be considered as condemned by the Central Bank of the Philippines after six months from the approval of this Act and no issuance of such denominations except in an emergency shall be made for at least one year from the date such denominations are considered condemned under the provisions of this section. Nothing in this Act however, shall prevent the owners or holders of said treasury certificates and bank notes from using them in buying government bonds and securities and such industrial bonds and securities as shall be approved by the Securities and Exchange Commission or in depositing them in banks during said period of six months after the approval of this Act.

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Other provisions in RA 1191

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 1191 Section 5 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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