BSP warns public against fake papers

T

These include loan documents, deposit certificates and fundtransfer papers, which the central bank said in a statement were provided to “individuals, corporations or institutions” by scammers “pretending to be authorized BSP

According to the Bangko Sentral, scammers would claim that these documents will facilitate

recipients in exchange for private personal or corporate information, and subject to charges.

It emphasized that it neither issues or guarantees commercial documents or products— banking forms, fund transfer orders, and certificates of deposit— nor randomly transacts with individuals, corporations or institutions.

The Bangko Sentral “only deals with authorized or accredited counterparties, mostly central bank- supervised institutions, duly-recognized partners, and appropriately contracted suppliers or service providers,” it said.

The central bank tells the public to be wary of documents with imitations of the BSP seal, logo, and official- looking document formats; forged or digitally copied

- ees or consultants; and alleged central bank products, services, or partnership agreements offered by BSP-connected individuals or establishments.

“For your protection, do not believe claims of unexpected monetary gain,” it said.

The public should report such claims or activities to the BSP Financial Consumer Protection Department.

the currency to fall to P54:$1 by the end of 2018.

“Given that technicals and fundamentals on balance are pointing to further weakness, we are revising our forecast for the PHP to end the year around PHP54/ USD, from PHP51/ USD previously…,” the Fitch Group unit said in a report.

lingering trade woes,” he added.

Wall Street’s three main indices dropped overnight, with the Dow Jones down 0.68 percent, the S&P 500 decreasing 0.86 percent and the Nasdaq dropping 1.54 percent.

and mining and oil sectors rose on Thursday, eking out marginal gains of 0.06 percent and 0.10 percent, respectively.

More than 623 million issues valued at P5.79 billion changed hands.

Losers led winners, 114 to 79, while 51 issues were unchanged.