BSP warns: P10,000-bill is fake
BSP warns: P10,000-bill is fake
Use of a fake banknote is punishable under the law, says the Bangko Sentral ng Pilipinas

MANILA, Philippines – If you have seen on the internet image of a P10,000-bill, don’t believe it, it’s fake, the Bangko Sentral ng Pilipinas (BSP) said on Saturday, June 23.

“The Bangko Sentral ng Pilipinas (BSP) has not produced and has not issued a 10,000-Piso New Generation Currency (NGC) banknote,” the BSP said in a statement on Saturday.

While the BSP did release NGC banknotes that are already in circulation, the bank notes are of P1,000; P500; P200; P100; P50 and P20 denominations only.

Photos spread on social media of an alleged P10,000-banknote that looks and has the the same in color as the P1,000-bill.

The BSP said anyone who receives or catches the use of the fake P10,000-banknote should report it to the nearest police station or the National Bureau of Investigation “for appropriate filing of criminal complaint against those persons involved.”

“The forgery of Philippine banknotes as well as the use or possession of forged banknotes are punishable under the law,” the BSP said.

It added, “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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