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President 'Arrovo' blunder prompts banknote recall

The Philippines central bank suffered embarrassment this week when it was noticed that 100 peso (US$1.80) bank notes had been issued with the surname of President Gloria Macapagal Arroyo spelled "Arrovo," with a "v."

"I hope this is not deliberate," opposition lawmaker Rep. Rolex Suplico, of Iloilo province, said at a press conference of the minority bloc in the House of Representatives.

"Those that are out already are legal tender," BSP Deputy Governor Armando Suratos said on Monday. "We're not releasing more of them. We're having it investigated."

"The central bank has apologised to the president over the incident," he said. "These bank notes ... are considered legal tender and should be accepted as genuine currency."

"We have to determine who is responsible. If the printer is responsible, they will have a liability," Suratos added, noting the investigation would be conducted at the soonest time possible.

"A simple 'I'm sorry' should not make this a closed book," Suplico said.

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