BSP reminds public: defacing money is a crime


Posted at Apr 28 2022 01:04 PM

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Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan on Thursday reminded the public that defacing Philippine currencies is a crime punishable by up to 6 years of imprisonment.

This, after a social media user uploaded a video of the act of burning a banknote.

Tangonan said a complaint has been by at the Quezon City prosecutor's office.

"The Justice system already performing on this case," Tangonan said.