BSP Warns Public Against Fake ₱10,000 Bill

BSP Warns Public Against Fake ₱10,000 Bill

A photo of a fake ₱10,000 bill has made rounds in social media over the past week, allegedly signed by former BSP Governor Amando Tetangco. The current BSP Governor is Nestor Espenilla, who was appointed by President Rodrigo Duterte on May 8, 2017.  The BSP made a statement on Saturday and announced that they have not produced and have not issued a 10,000-Peso New Generation Currency (NGC) banknote.

The bank stressed that NGC banknotes, which had been released from 2010 to 2017, were in denominations of ₱20, ₱50, ₱100, ₱200, ₱500 and ₱1,000 bills only. Forged bills cannot be used to legally purchase anything. Mere possession or use of the forged banknotes is also punishable by law, the BSP said.

The BSP told the public to report anyone who has forged or is in possession of the forged note to the National Bureau of Investigation or to the nearest police station for the filing of criminal charges against them.

[Source]

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