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BSP Releases Official Statement On Viral P10,000 Banknote

The Bangko Sentral ng Pilipinas (BSP) has finally released an official statement disclosing speculation regarding the viral P10, 000 banknote.

Over the past few days, the photo of alleged P10, 000 bill spread like a wildfire online after it was posted on the social media.

Most of the netizens got confused whether the P10, 000 banknote do really exist or it was just another fraud.

Banknote

Recently, the Facebook page “Bangko Sentral ng Pilipinas” has finally disclosed the speculation about the viral photo of P10, 000 bill.

BSP announced that they only release six (6) New Generation Currency (NGC) Banknote Series including P1, 000, P500, P200, P100, P50, and P20 peso banknotes.

Banknote

Bangko Sentral also confirmed that the viral P10, 000 banknote is fake since they were not yet able to produce or issue a P10, 000 NGC bill.

Banknote

It also advised the public to immediately report forgery or possession of Philippine banknote to the authorities.

Here’s the full post:

BSP Advisory on Fictitious 10,000-Piso Banknote

The Bangko Sentral ng Pilipinas (BSP) advises the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six (6) denominations only, as follows: 1000-, 500-, 200-, 100-, 50- and 20-Piso banknotes. The BSP has not produced and 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.

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 enjoins the cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information.”

Banknote

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