Home Headlines BSP conducts info, palit pera drive in Capas

BSP conducts info, palit pera drive in Capas


CAPAS, Tarlac — Bangko Sentral ng Pilipinas (BSP) conducted an information and palit pera drive in Capas, Tarlac.

This is part of its advocacy to promote currency integrity through Clean Note and Coin Policy.

Bangko Sentral ng Pilipinas North Luzon Regional Office Bank Officer 3 Ethel Jularbal shares the security features of banknotes in an information drive held at barangay Cristo Rey in Capas, Tarlac. (Gabriela Liana S. Barela/PIA 3)

BSP North Luzon Regional Office Bank Officer 3 Ethel Jularbal said familiarizing the public with security features of banknotes will protect them from receiving and circulating fake ones.

“We wanted to bring BSP closer to the public through these activities to also educate them of the don’ts in handling our banknotes such as defacing, mutilating, tearing, burning or any manner of destroying them,” she added.

In accordance with Presidential Decree No. 247, a person caught intentionally destroying banknotes may serve jail time for up to five years and can be fined up to P20,000.

A total of 182,210 unfit or mutilated banknotes were exchanged during the activity including 148 pieces of P1,000 bill; 48 pieces of P500 bill; 2 pieces of P200 bill; 48 pieces of P100 bill; 45 pieces of P50 bill; and 138 pieces of P20 bills; and coins.

Since the closest BSP branch in Tarlac is in Pampanga, Jularbal advised the participants to use the messenger platform for queries regarding banknotes.

“We are always open for your questions and queries using our Facebook messenger chatbot ‘Bob.’ This chatbot has a feature answering frequently asked questions about BSP services and banknotes and coins concerns,” Jularbal added.

The activity is alongside Department of Trade and Industry’s Balik Eskwela Diskwento Caravan in barangay Cristo Rey. (CLJD/GLSB-PIA 3)



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