The Bangko Sentral ng Pilipinas issued a statement on Friday, June 22, saying there is no such thing as banknotes worth P10,000 in the Philippines.
BSP warned netizen to not believe a viral post on Facebook saying that a P10,000-bill is now in circulation.
The fake bill shows former President Ramon Magsaysay at the front, with Mount Pinatubo and a water buffalo at the back.
In their advisory, BSP reminded the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six (6) denominations only.
BSP made it clear that the money currently in circulation are worth P20, P50, P100, P200, P500, and P1,000, and that they have not issued a P10,000 NGC banknote.
The Central Bank also reminded netizens that producing counterfeit money is punishable by law.
“We advise the public to report immediately to the nearest Police Station or National Bureau of Investigation the forgery of Philippine banknote and/or use or possession of forged banknote, for appropriate filing of criminal complaint against those persons involved,” the advisory says.
