Live Breaking News & Updates on He Polymer Ones Should Not Be Stapled Unlike The Paper Banknote

IMPROVED DESIGN. The Bangko Sentral ng Pilipinas Mindanao Regional Office presents the new PHP1,000 bill in Davao City Monday (June 13, 2022). The agency said the note will be circulated in Mindanao soon. (Contributed photo) DAVAO CITY - Officials of the Bangko Sentral ng Pilipinas (BSP) Mindanao Regional Office urged the public Monday to treat the new polymer banknote with care, as simply stapling it can be considered as "intended mutilation" punishable by law. "Those who are accustomed to stapling banknotes, the polymer ones should not be stapled. Unlike the paper banknote, you can take the staples out, and it will just leave holes (but the polymer ones will rip," said Dorothy Joy Diaz, BSP Mindanao Regional Office bank officer. She added: "If it rips, then it is a mutilated banknote. Violators can be charged under the Presidential Decree 247." Presidential Decree 247 or the Central Bank Act states that willful defacement, mutilation, ripping, burning or ....

United States , T Ai Pei , Amy Klobuchar , China Passenger Car Association , European Union , Taiwan Semiconductor , Us Transportation Department , Improved Design The Bangko Sentral Ng Pilipinas Mindanao Regional Office Presents New Php1 , 000 Bill In Davao City Monday June 13 , 022 The Agency Said Note Will Be Circulated In Mindanao Soon Contributed Photo Davao City Officials Of Bangko Sentral Ng Pilipinas Bsp Regional Office Urged Public Monday To Treat New Polymer Banknote With Care , S Simply Stapling It Can Be Considered As Quot Intended Mutilation Punishable By Law Those Who Are Accustomed To Banknotes , He Polymer Ones Should Not Be Stapled Unlike The Paper Banknote , Ou Can Take The Staples Out , Nd It Will Just Leave Holes But The Polymer Ones Rip , Uot Said Dorothy Joy Diaz , Sp Mindanao Regional Office Bank Officer She Added Quot If It Rips , Hen It Isa Mutilated Banknote Violators Can Be Charged Under The Presidential Decree 247 Quot Or Central Bank Act States That Willful Defacement , Urning Or Destruction Of Philippine Banknotes And Coins Is Illegal Punishable By Up To Five Years In Prison Anda Fine Not More Than Php20 , 000 Quot If It Is Not Intended , That Is Fine , Ut If Done Willfully , S You Did It Out Of Curiosity , Hat Is Punishable , Uot Diaz Said Bsp Officials Folded Banknotes Are Unfit For Circulation Although It Can Still Be Accepted , Hey Suggest Depositing Or Having It Exchanged In The Bank Quot Is Time For Us To Discipline Ourselves , Uot Said Hermogenes Buenaflor Jr ,