Don’t fall for money hoax, Filipinos told

Images of purported 10,000 peso bill are making the rounds

The Philippine central bank has warned Filipinos against accepting a fictitious bank note making rounds on the internet lately.

In an advisory published on Friday, the Bangko Sentral ng Pilipinas (BSP) cautioned against the fictitious P10,000 bank note after photos of the purported paper currency were widely shared on platforms such as Facebook. A total of P10,000 in legal bank notes equates to Dh689 at current exchange rates.

“The Bangko Sentral ng Pilipinas advises the public that the New Generation Currency (NGC) Banknote Series currently in circulation is comprised of six denominations only, as follows: 1,000, 500-, 200-, 100-, 50- and 20-peso banknotes. The BSP has not produced and has not issued a 10,000 peso NGC banknote,” the BSP said.

The BSP warned people against being duped into accepting P10,000 on the assumption that it was legal tender.