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BSP warns public vs fake P10,000 bills

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Lee2:
Be sure to spread the word so no one gets cheated. I once had a relative who showed my wife and I a one million dollar bill and thought it might be real.

--- Quote ---The public has been warned about the fake P10,000 bill that has been posted on social media, particularly Facebook.

In an advisory issued on Friday, the Bangko Sentral ng Pilipinas (BSP) said the New Generation Currency (NGC) banknote series currently in circulation is comprised of only six denominations – P1000, P500, P200, P100, P50 and P20.

“The BSP has not produced and issued a P10,000 NGC banknote,” the BSP said.

It said that forgery of Philippine banknotes as well as the use or possession of the same is punishable under the law.

“We advise the public to report immediately to the police or National Bureau of Investigation any forgery, use or possession of Philippine banknotes, for appropriate filing of criminal complaint against those persons involved,” it added.

The BSP also urged the public to preserve the integrity of Philippine currency through sharing of verified and truthful information.
https://www.philstar.com/headlines/2018/06/24/1827385/bsp-warns-public-vs-fake-p10000-bills
--- End quote ---

BudM:
I had never had, seen or known of anything larger than a one thousand but someone gave me two of those in exchange for USD and I thought, "Wow, new currency".  Now, I guess I am stuck with them.

Lee2:
Sorry to hear that Bud, hope my post and yours saves others from getting stuck with some.

BudM:

--- Quote from: Lee2 on June 24, 2018, 01:26:02 PM ---Sorry to hear that Bud, hope my post and yours saves others from getting stuck with some.

--- End quote ---

Yeah, hopefully no one ever falls for the million bill you were talking about.  Don't fret though about me.  Earlier today I went back with those two fake 10k back to where I got them from.  I got the real stuff now.

Lee2:

--- Quote from: BudM on June 24, 2018, 06:16:22 PM ---Yeah, hopefully no one ever falls for the million bill you were talking about.  Don't fret though about me.  Earlier today I went back with those two fake 10k back to where I got them from.  I got the real stuff now.

--- End quote ---
Good to hear you got your money back, you apparently are not the only one who ended up with some of those, I got some emails back from expats I know telling me of others who got stuck with some, apparently the bills look good enough to be real and I guess it is wishful thinking that the Philippines would come out with a larger bill, IMO they are needed for larger transactions so I wish they would come out with at least p5,000 bills.

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