Polymer ain’t play money: BSP issues reminder on accepting P1,000 bill as legal tender

The Bangko Sentral ng Pilipinas (BSP) reminded retail stores and banks that the polymer P1,000 bills should be accepted as a form of payment.

The central bank issued the reminder in response to complaints that certain establishments are refusing to accept the plastic-like bills, which are currently under trial circulation per BSP policy.

The different texture and appearance of the polymer bill have resulted in hesitation to accept them as legal tender or deposit them in banks, since they could be mistaken as a fake bill.

“The Bangko Sentral ng Pilipinas 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 BSP said.

Usapang Bilyonaryo

Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.


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