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CBSI says $2 notes still legal

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CENTRAL Bank of Solomon Islands (CBSI) has reminded the public that the $2 note is still a legal tender.

The bank made the reminder yesterday after some confusion from misinformation that the $2 notes are also not allowed on the market.

Early this year the bank issued a statement advising the public that the $2 note is still a legal tender and is circulating along with the new $2 coins.

An officer of CBSI said the $2 notes will be used alongside the $2 coins until such time when the bank will make an official announcement to remove it from circulation.

The officer added that the very old $2 notes should be held back by businesses and banks.

“Do not re-circulate the old $2 notes when giving change.”

He advised people to bring old $2 notes to the banks to exchange for the new $2coins.

Meanwhile the bank has given a six-month mercy period to those with old coins.

PEOPLE have six months still to get something worth out of the old coins.

CBSI said because old coins are still in the hands of many people in the rural areas, they have until June 30 to return them to CBSI, although the markets may not accept them anymore.

 “The old coins are no longer legal in use but the bank will exchange the old coins for currency notes and new coins as a service to the public for the next 6 months.”

The old coins include 10c, 20c, 50c and $1.

Trixie Carter