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CEBU CITY, Philippines—Banks will no longer accept mutilated bills with staple wires or adhesives like cellophane tapes, Bangko Sentral ng Pilipinas Regional Director Leonides Sumbi said in a press conference on Wednesday, May 8. Sumbi issued the…
All it took was a computer and a printer in an internet café. Voilà! Fake peso bills were made. Unfortunately for the fake bill maker, policemen got him and seized from him P24,000 worth of fake bills…
AS the May 9 elections draw near, the Bangko Sentral ng Pilipinas (BSP) yesterday urged the public to be “extra vigilant” against counterfeit banknotes. Leonides B. Sumbi, BSP director for Visayas, also stressed that the central bank…
Local banks are expected to remain healthy this year given the country’s stable financial system, a banking executive said. But competition is expected to intensify as most banks offer similar products. To beat the competition, a bank…
BSP: New Design Series banknotes can still be exchanged for New Generation Currency till Dec. 31, 2016 With only one week to go before the year ends, the Bangko Sentral ng Pilipinas (BSP) reminded the public that…
Fake bills amounting to P8,500 were recovered from a 44-year-old former taxicab driver. He was arrested when he used bogus money to pay the owner of an eatery in sitio Santa Rosa, barangay Poblacion, Alegria town southwestern…
Old banknotes can no longer be used for payments by Jan. 1, 2016 The Bangko Sentral ng Pilipinas may have to intensify efforts to inform the public about the demonetization of old currency. “Wa jud koy…
The Bangko Sentral ng Pilipinas (BSP) called on the public to help circulate new money bills as part of their clean note policy. “The public should change the practice of paying using unfit and mutilated notes. They…
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