Public warned against mishandling PH currencyhome/Business/Top Business/Public warned against mishandling PH currencyImproper handling of Philippine currency is punishable by a fine and/or imprisonment based on a Marcos-era proclamation, the Bangko Sentral ng Pilipinas (BSP) warned on Tuesday. The proclamation sets a fine of not more than P20,000 and/or a jail term of up to five years for those who “willfully deface, mutilate, tear, burn or destroy, in any manner whatsoever, currency notes and coins issued by the Central Bank of the Philippines” — the BSP’s predecessor. The Bangko Sentral also discourage the public from stapling banknotes and/or using adhesives on Philippine currency as these would compromise 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. 988-4833 and 926-5092,” it added.

Source: Manila Times February 19, 2019 16:51 UTC