BSP urges public: Don’t deposit bills with staple wires, cellophane tapes

Irene R. Sino Cruz 05/08/2019

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…

COUNTERFEITER CAUGHT

Ador Vincent S. Mayol 01/21/2017

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…

Public urged to be ‘extra vigilant’ against fake money

Marites Villamor Ilano 05/02/2016

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…

Banks urged to improve services to stay ahead

Vanessa Claire Lucero 01/25/2016

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…

Only new banknote series may be used starting Jan. 1

Vanessa Claire Lucero 12/24/2015

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…

Man with fake bills nabbed

Apple Ta-as 08/09/2015

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…

Metro Cebu vendors still unaware of new currency

Vanessa Claire Lucero 05/31/2015

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…

BSP urges public to use new currency

Christine Estrella 02/06/2014

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…

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.