DAVAO CITY, January 20 (PIA) - -
Official of the Bangko Sentral ng Pilipinas (BSP) urged the public to
adhere to Clean Note Policy to preserve the integrity of the Philippine
currency.
Dorothy Joy Diaz of BSP Davao
reiterated during the recent Biz Talk at Big 8 that crumping, writing on,
defacing, tearing, and destroying in any manner Peso bill is punishable by law
based on Presidential Decree 247.
According to PD 247, any person who
does any of the activities, shall upon conviction be punished by a fine of not
more than P20,000 and/or by imprisonment of not more than five years.
Diaz disclosed that a pending bill in
the Congress strengthens the Philippine currency imposing higher sanctions to
anybody who destroy and removal of security features.
She also emphasized that if the
security features of the Peso bill will be removed, the money will be
considered mutilated without monetary value.
The security features of the New
Generation Currency banknote series include the asymmetric serial number,
security fibers, security threads, optically variable device patch, optically
variable ink, and see-through mark of pre-Hispanic script ‘Pilipino.’ (PIA11,
Michael Uy)
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