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BSP warns vs social media posts on RP legal tender

The Bangko Sentral ng Pilipinas (BSP) has called on the public to stop acts that will question the credibility of the country’s legal tenders.
This after some social media posts about misprinted banknotes continue to circulate days after central bank officials have explained the cause of the error.
In a statement, the BSP urged the public “to refrain from acts that could cast doubt on the credibility of our legal tender.”
“Posting photos of alleged misprinted banknotes on social media causes confusion which may negatively affect commerce,” it pointed out.
The central bank also called on the public “to be vigilant against acts of those who wish to confuse, deceive or illegally profit from posting, producing and/or selling fake “misprinted” notes with no numismatic value.”
“The BSP reiterates that alleged faceless/misprinted Philippine Peso Bill/s must immediately be brought to the BSP head office in Manila, the Security Plant Complex in Quezon City or any of its Regional Offices and Branches nationwide for the authenticity of the said bills to first be established,” it added.

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