By Tracy Cabrera
DID someone give you a damaged peso bill or pay you with a mutilated banknote?
No problem.
The Bangko Sentral ng Pilipinas (BSP) has assured the public that they can be replaced but depending on the extent of the damage.
Accordingly, the BSP announced that the said bills can be replaced if it meets the three requirements: size, signature and security thread.
It also explained that mutilated banknotes refer to bills that have been damaged by fire, termites or chewed by animals. For size, at least 60 percent of the bill must also remain intact and at least 65 percent of the BSP governor or the President’s signature must remain and the security thread must still be visible on the damaged bill.
The BSP advised that mutilated bills can be brought to an authorized bank to be assessed by the BSP.
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