Central Banking

Philippines warns on fake commemorative banknotes


The Central Bank of the Philippines on February 8 issued a stern warning to the public about believing promotional material regarding a new 150 piso banknote.

The central bank advised the public to "disregard" information currently circulating on the internet regarding the "alleged issuance" of a 150 piso commemorative banknote.

"The BSP [central bank] has never issued nor is planning to issue such type of banknote," said a statement on the central bank's website. "Therefore, any 150 piso

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