Amidst of the trends over the issue that a certain customer has been denied by one of the biggest malls in the Philippines, Bangko Sentral ng Pilipinas (BSP) advises the retailers to accept the folded 1000-peso banknotes (paper or polymer) as a form of payment.
Here is the exact Facebook post on the official BSP page.
“The Bangko Sentral ng Pilipinas (BSP) informs the public that folded banknotes, whether paper of polymer, can still be circulated and accepted for payment. As such, retailers and banks should accept them for day-to-day payment transactions.”
Moreover, BSP has issued the public a guideline on how to properly taking care of these newly issued P1000 polymer bill. This will help the public to prolong the use of the mentioned bill. In addition, public can also access the easy way to identify counterfeit money on their FB page with all the Philippine Currency Fitness Guide. It will surely help the public to be wise in handling and receiving money on their day to day work.
For more information, you can visit BSP FB page.
