BSP to File Charges Against TikToker Who Burned P20 Bill
BSP – The Bangko Sentral ng Pilipinas (BSP) will sue the TikToker who burned a P20 banknote in the viral video.
Last April 2022, the video footage of a TikToker burning a P20 bill spread like a wildfire online and receives negative reactions from social media users. The complainants tagged the central bank to take action regarding the incident.
BSP Senior Investigation Officer Atty. Mark Fajardo said that they were able to locate and identify the culprit.
On Monday (July 18, 2022), the Central Bank of the Philippines and the Philippine National Police announced that they will file a case against the TikTok content creator who burned a P20 bill.
BSP Strategic Communication and Advocacy Managing Director Antonio “Tony” Lambino II said that the agency is already coordinating with the PNP to file charges against the culprit. He said that the latter intentionally destroy the banknote, which is strictly prohibited.
“’Yan po ay bawal. Nag-file ng charges ang BSP at PNP laban dito, Wag lang po natin sadyaing sirain ang ating salapi dahil ‘yan po ang bawal,” Lambino said.
The TikTok user violated Presidential Decree 247 signed by the late President Ferdinand Marcos in 1973. The bill prohibits the defacement, mutilation, tearing, burning, or destruction of central bank notes and coins.
Individuals who will violate the law will be subject to corresponding sanctions and penalties. Violators will face imprisonment of not more than five years and a fine of not more than P20,000.
Lambino also called the public to take care of the currency whether paper or polymer banknotes. The Filipinos are discouraged from stapling the bills but stapled bills are still acceptable.
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