Legal tender loving care ain’t needed: BSP says folded P1,000 bills accepted as payment

The Bangko Sentral ng Pilipinas (BSP) settled the debate: a folded P1,000 polymer bill is still valid legal tender.

“The Bangko Sentral ng Pilipinas (BSP) informs the public that folded banknotes, whether paper or polymer, can still be circulated and accepted for payment. As such, retailers and banks should accept them for day-to-day payment transactions,” the central bank said in reaction to a viral post.

| READ RELATED STORIES:

Magpabarya muna! Netizen fumes as SM rejects folded P1,000 polymer bill

‘Di kailangan ng mahabang wallet! SM clarifies: Folded P1,000 polymer bill accepted as payment

Netizen Reylen Lopez claimed that his P1,000 bill was rejected by an SM Store branch supposedly because it had a prominent fold in the middle.

“Recently, the BSP issued guidelines on the proper handling of polymer banknotes. This includes storing banknotes in wallets where they fit properly (the typical bi fold wallet fits this criteria), keeping them clean, and using them as payment for goods and services,” the regulator added.

As a rule, handling protocols of the old bills should apply to the new banknotes which are under trial circulation.

“The BSP stresses that the above guidelines apply to both paper and polymer banknote,” it added.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.