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Monday, June 25, 2018

BSP officially verifies that the 10,000-peso bill is fake news

Photo image from Bangko Sentral of the Philippines and from Facebook


After viral release of a 10,000-peso bill throughout social media, netizens were indeed confused around the legitimacy of the said new bill.



Luckily, considering that no one has fell for and bought the controversial bill, Bangko Sentral ng Pilipinas’ (BSP) official Facebook page confirmed and disclosed that the said bill was fictitious.




The BSP basically deemed the viral banknote as a fake for they have been unable to create this note, maintaining that there are only 6 of bank notes that are part of the New Generation Currency (NGC).

The Bangko Sentral ng Pilipinas (BSP) advises the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six (6) denominations only, as follows: 1000-, 500-, 200-, 100-, 50- and 20-Piso banknotes. The BSP has not produced and issued a 10,000-Piso NGC banknote,” the BSP stated through a post.



They also warned the public that forgery and use of any forged banknotes is illegal and that any case or discovered forged or fake banknote in possession should immediately be reported to the authorities.

The BSP encourages the,

                “...cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information.”



 You can refer to the Bangko Sentral ng Pilipinas’ entire Facebook post below:

“BSP Advisory on Fictitious 10,000-Piso Banknote

The Bangko Sentral ng Pilipinas (BSP) advises the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six (6) denominations only, as follows: 1000-, 500-, 200-, 100-, 50- and 20-Piso banknotes. The BSP has not produced and issued a 10,000-Piso NGC banknote.

The forgery of Philippine banknotes as well as the use or possession of forged banknotes are punishable under the law.

We advise the public to report immediately to the nearest Police Station or National Bureau of Investigation the forgery of Philippine banknote and/or use or possession of forged banknote, for appropriate filing of criminal complaint against those persons involved.

The BSP enjoins the cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information.”

















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Daily Pilipinas Source: PhilNews | Facebook/BangkoSentralngPilipinas

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