BSP warns public against fake P10-K banknote

ABS-CBN News

Posted at Jun 23 2018 11:32 AM | Updated as of Jun 23 2018 11:35 AM

MANILA - The Bangko Sentral ng Pilipinas (BSP) has warned the public against the proliferation of a fictitious P10,000 New Generation Currency (NGC) banknote.

"The BSP has not produced and issued a 10,000-Peso NGC banknote," the central bank said in an advisory posted on its Facebook page.

 

It said there are only six denominations of the NGC banknote currently in circulation: P1,000, P500, P200, P100, P50, and P20.

"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 stated. 

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

"The BSP enjoins the cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information," it added.