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BSP alerts public on “fictitious 10,000-piso banknote”

Bangko Sentral ng Pilipinas asked the public to be wary of fake banknotes surfacing on the internet. This is after a photo of a fictitious 10,000-piso bill went viral on Facebook. The BSP is adamant that they didn’t produce any bill of such kind.

“The BSP has not produced and has not issued a 10,000-Piso NGC banknote.”

According to the official statement they issued on their Facebook page, BSP reiterated that there are only six bills in circulation, 1000, 500, 200, 100, 50 and 20 piso banknotes.

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A couple of days ago, some social media pages claimed that the BSP has issued its new 10,000 banknote as part of their New Generation Currency (NGC) Banknote Series.

In line with this, the BSP strongly encourages the public to immediately inform authorities if and when they come across a fictitious 10,000-piso banknote. Civilian production of money outside the BSP is punishable by law.

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“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 [REDACTED] complaint against those persons involved.”

Stay vigilant, everyone.

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