BSP warns against defacement of bank notes


Posted at Oct 06 2017 03:59 PM

MANILA - The Bangko Sentral ng Pilipinas on Friday reminded the public that those caught defacing bank notes could be imprisoned for up to 5 years and fined up to P20,000.

The regulator said it issued the warning after a video of banknotes being burned surfaced.

The BSP said it was authorized under law to investigate and conduct arrests, searches and seizures to maintain the integrity of the currency.

"We wish to highlight that the general public should take pride in our Philippine banknotes that honor Filipinos who played significant roles at various moments of our nation's history as well as depict the country's world heritage sites and iconic natural wonders," it said.

The BSP urged the public to report defacement or mutilation of bank notes to their hotlines, 988-4833 and 926-5092.