Manila, Philippines – An alleged photo of the 10000 Philippine peso bill is circulating online. Or is there really a Php 10,000 bill?
A Facebook page called Filipino Secret Files first posted a supposed photo of the new banknote regulated by the Bangko Sentral ng Pilipinas (BSP).
“As of June 2018 ito na po ang bagong ten thousand (10,000) Philippine Peso Bill regulated by the Bangko Sentral ng Pilipinas,” the Facebook page said.
Governor Nestor A. Espenilla, Jr, who is the Chairman of the Monetary Board of the BSP, has purportedly “announced” that the “Bangko Sentral ng Pilipinas has released the New Generation designs of Philippine banknotes including the “Sampunlibong Piso” or Php 10,000 bill.”
The photo that is going viral online has former President Ramon Magsaysay at the front and an overlapping picture of the symbolic Mount Pinatubo, Philippine map and a carabao at the back with the note “Sampunlibong Piso”.
But will BSP really release a 10K bill for circulation?
BSP says photo of a 10K banknote circulating online is FAKE!
In an advisory, BSP reiterates 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 issued a 10,000-Piso NGC banknote.
BSP further reminds that forgery of Philippine banknotes is a criminal liability.
“The forgery of Philippine banknotes as well as the use or possession of the same are punishable under the law,” the statement said.
The central bank of the Philippines urges the public to report any use or possession of P10k banknote to authorities for appropriate actions.
“We advise the public to report immediately to the nearest Police Station or National Bureau of Investigation the forgery, use or possession of Philippine banknotes, for appropriate filing of criminal complaint against those persons involved,” BSP added.
The BSP enjoins the cooperation of the public in preserving the integrity of Philippine currency through sharing of verified and truthful information.
What is the biggest amount of banknote ever released by BSP?
The biggest amount of Philippine peso bill ever released was the commemorative Php 100,000 banknote, which was issued in 1998 to celebrate the centennial of the Philippine Declaration of Independence, originally proclaimed on June 12, 1898.
Measuring 356 millimeters in width and 216 millimeters in height, the banknote currently holds the Guiness World Record for the largest legal tender note.
The 100,000 banknote is not on circulation. Only 1,000 pieces were released, mostly as collector’s item.
Last year, BSP announced that the bill will be demonetized by August 2019.