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The P500 Marcos Bill Is Fake. Now the BSP Warns Against Counterfeiters

A lot of people believed content from Cebu Dairy News.

The Bangko Sentral ng Pilipinas on Tuesday warned Filipinos against a P500 bill with the image of the late dictator Ferdinand Marcos, saying no such banknote was issued.

The fake Marcos banknote was posted by parody and satirical news website Cebu Dairy News and has been shared over 36,000 times as of Tuesday morning.

"?The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not issued new banknote designs or a new design series.

The BSP issues this advisory in response to a 500-peso commemorative banknote first posted on a satirical news website being shared broadly on social media." the central bank said.

Reports of fake banknotes can be sent to [email protected].

The BSP reminded the public that counterfeiters of Philippine currency could be imprisoned for up to 12 years and fined up to P2 million.

"The BSP enjoins the public to stay informed about legitimate banknotes issued by the BSP," it said.

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