BSP Warns Against Fake 10,000-Peso Bill

The Bangko Sentral ng Pilipinas (BSP) has issued an advisory against news circulating about a new P10,000 banknote. Some individuals have been posting photos of the supposed new bill and saying that it is currently in circulation. The alleged banknote is even in the new generation currency.

BSP issued the advisory in their Facebook account. They reiterated that the only banknotes circulating are P1,000, P500, P200, P100, P50 and P20. The public is also warned to report to the authorities should they encounter anybody offering this fake bill.

Image Credit: Bangko Sentral ng Pilipinas FB

10,000 Philippine Peso Bill is Fake – BSP Warns

BSP recently released a statement saying that there is no new P10,000 bill circulating in the Philippines. Here is the full BSP advisory on fictitious 10,000-Piso banknote:

“The Bangko Sentral ng Pilipinas (BSP) advises the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six (6) denominations only, as follows: 1000-, 500-, 200-, 100-, 50- and 20-Piso banknotes. The BSP has not produced and has not issued a 10,000-Piso NGC banknote.

The forgery of Philippine banknotes as well as the use or possession of forged banknotes are punishable under the 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 BSP enjoins the cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information.”

The NGC were initially released to the public on December 16, 2010. These banknotes were redesigned to further improve security features and improve durability. Colors are important part of the design, because they highlight the value numerals of each banknote, as well as seals and note edges. Large intaglio printed numbers are used in front to easily differentiate each denomination, and to help the visually impaired see more clearly.