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Seen Any 10,000-Piso Banknote Lately? It’s a Fake, Warns the Bangko Sentral

Monetary authority advises the public to report to the police any forged currency in circulation
By Entrepreneur Staff |


 

 

The Bangko Sentral ng Pilipinas has issued an advisory on June 23 against fictitious 10,000-Piso Banknote, advising the public to immediately report to the nearest police station or the National Bureau of Investigation if they have seen one being used.

 

It didnt explain what prompted the advisory but the issuance of the advisory on a Saturday suggests some degree of urgency. The advisory included an image of the fake 10,000-Piso Banknote.

 

The monetary authority said that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six denominations only. These are: 1000-, 500-, 200-, 100-, 50- and 20-Piso banknotes. The BSP stressed it has neither produced nor 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, it warned. 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.

 

 

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