BSP says P1,000 polymer banknotes not for sale

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BSP says P1,000 polymer banknotes not for sale
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The Bangko Sentral ng Pilipinas (BSP) on Friday advised the public that the new P1,000 banknotes made of polymer is not for sale as it releases the bills gradually in circulation.

In a statement, the BSP said the polymer banknote “is only worth its face value and should not be sold, traded, or bought for any other amount.”The central bank said the new banknotes would be released in phases, beginning April.

“The 1000-Piso polymer banknote will be circulated alongside the current 1000-Piso paper banknote and both can be used for payments and transactions,” it said.

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