Nancy Binay Called the New BSP Design for P1,000 Bill “Pambabastos sa mga Bayani” Senator Nancy Binay criticizes the Bangko Sentral ng Pilipinas’ (BSP) new design for the P1,000 bill, calling it defamation of Philippine heroes. The BSP’s decision to change the banknote design, according to the former vice president’s daughter, is an insult to … Read more
NBI Arrest 3 Individuals Operating Unregistered Money Changer in Makati City The National Bureau of Investigation (NBI) operatives arrested three (3) individuals for allegedly operating an unregistered money changer. According to the National Bureau of Investigation, the three persons were detected illegally operating a money changer business in Makati City without proper documentation. As a … Read more
BSP Warns Against Fake New P500 Banknote Design With Late Marcos Face The Banko Sentral ng Pilipinas (BSP) has warned the public against fake P500 banknote design with the face of late Ferdinand Marcos. The BSP issued a warning on Facebook over a popular picture of a P500 bill showing former President Marcos, stating it … Read more
Bangko Sentral Denied Fake News Claiming P20 Bill is Only Valid Until End of 2021 The Bangko Sentral ng Pilipinas (BSP) has clarified the fake news spreading online that the P20 paper bill will be only valid until the end of 2021. The Bank of the Philippines (BSP) has informed the public that 20-Piso New … Read more
BSP Warns Filipino People Against Fake P1000 Bills Circulating in the Country The Bangko Sentral ng Pilipinas (BSP) has warned the public against fake P1000 bills, which currently circulates in the country. On Thursday (September 9, 2021), BSP advised the Filipino people to carefully check their banknotes after receiving reports regarding the circulation of counterfeit paper … Read more
BSP Finally Replaces Ice Delivery Man’s Paper Bills Damaged by Termites The Bangko Sentral ng Pilipinas (BSP) has accepted and refunded the ice delivery man’s paper bills damaged by termites. A few weeks ago, the ice delivery employee Adonis Buemie has expressed his disappointment after termites consumed his hard-earned cash. The termites his savings worth … Read more
Banks Should Still Accept Doubtful or Damaged Paper Bills and Coins, Bangko Sentral ng Pilipinas Says The Bangko Sentral ng Pilipinas (BSP) has reminded various banks in the country to accept damaged paper bills and coins. On Wednesday (August 11, 2021), the agency released an advisory citing BSP Circular No. 829 instructing banks to forward damaged … Read more
New BSP Rules Pushes Banks To Charge Higher ATM Interbank Transaction Fees ATM TRANSACTION FEES HIGHER – Banks are set to charge higher ATM fees for simple transactions following a newly imposed rule. Recently, the Bangko Sentral Ng Pilipinas approved a new system wherein banks set the ATM fees for the terminal used. Previously, the … Read more
The Philippines is Expected to Be a Coinless Society by 2025 Says BSP Bangko Sentral ng Pilipinas (BSP) says that the Philippines will not be using money on hand anymore and expected be a “coinless society” by 2025. Nowadays, cashless transactions are urged to be used amid the COVID-19 pandemic. Although the Philippines is far … Read more
Beware of ‘Brilliant Uncirculated’ 20-Piso Coin Sold Online, BSP Warns BSP – The Bangko Sentral ng Pilipinas (BSP) reminds the public to beware of online sellers advertising ‘brilliant uncirculated’ P20 coins for sale. The BSP has the exclusive power and authority to release notes and coins for circulation in the country. They recently issued enhanced … Read more