TACLOBAN CITY - The local office of the Bangko Sentral ng Pilipinas (BSP) has expressed alarm over the sudden increase of counterfeit P200 bills circulating in the city and in some parts of Eastern Visayas.
The local BSP said 91 fake P200 bills have been recovered by its operatives and the police from January to July this year compared to last year's 14.
BSP Tacloban's actig deputy director Leonides Sumbi said several counterfeit money in denominations of P100, P500 and P1,000 have also been circulating in the city.
The BSP is encouraging victims to surrender the fake money in their possession and refrain from circulating them back to the market.
Sumbi said BSP-Tacloban is closely working with police to identify the group behind the counterfeit money. He said the BSP has also set aside bounty money for those who can help the agency arrest the counterfeiters, but declined to specify an amount.
Meanwhile, BSP-Tacloban is scheduled next month to conduct a public forum to better inform the public on how to identify fake bills.
0 Comments
Please note: Your comment may or may not appear immediately. Please do not submit it twice! Certain words may trigger a spam filtering delay. Please refrain from profanity; inappropriate comments may be deleted by the author's sole discretion.