BSP warns public against mishandling of currencyBy The Manila TimesTHE Bangko Sentral ng Pilipinas (BSP) on Tuesday warned the public that improper handling of Philippine currency was punishable by fine and/or imprisonment. In a statement, the central bank advised that the willful defacement, mutilation, tearing, burning or destruction of Philippine banknotes and coins were punishable by a fine of not more than P20,000 and/or imprisonment of not more than five years under Presidential Decree 247. The Bangko Sentral also discouraged the public to staple banknotes and/or use adhesives to put on banknotes and coins as these will compromise their structural integrity. “The BSP encourages the public to report any information on improper handling of Philippine currency to the nearest police station or law enforcement agency, for appropriate action, or contact the Currency Management Sector for assistance at Tel. MAYVELIN U. CARABALLO

Source: Manila Times February 19, 2019 11:15 UTC