No report of counterfeit P10T bill in Visayas, says Bangko Sentral

In an advisory posted on its Facebook page, Bangko Sentral ng Pilipinas said it "has not produced and issued a 10,000-Piso NGC [New Generation Currency] banknote." GMA NEWS

BACOLOD City – No fake 10,000-peso bill has been reported in the Visayas, said an official of the Bangko Sentral ng Pilipinas (BSP).

Director Leonides Sumbi of the BSP’s regional office in Cebu, who was in Bacolod on Thursday for the launch of the Knowledge Resource Network (KRN), said none of the BSP branches in the Visayas has been notified or has received any complaint regarding the circulation of counterfeit P10,000 banknotes.

“The said P10,000 bill is surely counterfeit money. We only have six banknotes and the highest is P1,000,” she said, the others being P500, P200, P100, P50, and P20 bills.

In the past days, photos of the supposed P10,000 New Generation Currency banknote, which looks similar to the P1,000 bill, had been circulating on social media.

She, however, admitted that fake bills in other denominations had been reported, particularly in Cebu, where business is brisk.

To determine the authenticity of the banknote, Sumbi said all one has to do is to touch the “Republika ng Pilipinas” label, which is rough. (PNA)

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