The Bangko Sentral ng Pilipinas (BSP) is warning the public on P1,000 bills that has the mispelled name of President Rodrigo Roa Duterte, as these will not be accepted as legal tender.
“Based on verification by the Bangko Sentral ng Pilipinas, the P1,000 banknote with the alleged misspelled middle name of President Rodrigo Roa Duterte featured in a story in a website is not legal tender,” it said in a statement.
If a bill is not accepted a legal tender, this means it may be fake and will not be accepted for any commercial transaction.
The BSP discovered the P1,000 bill that could not be used as legal tender through Wikipedia, where a photo of the alleged banknote had Duterte’s middle name spelled “Boa” instead of “Roa.”
“The serial number shown in the said banknote does not match any of the ones issued by the BSP for the P1,000 Enhanced New Generation Currency banknote,” the BSP added.
Sources of Sovereign.ph from the banking industry said the circulation of fake peso bills usually increase approaching the holidays as people are expected to spend more for Christmas shopping in the last two months of the year. SOVEREIGN.PH