Folded Polymer Banknotes
Folded 1,000-peso bills are acceptable as payment
ADVISORIES
4/17/2024
The Bangko Sentral ng Pilipinas (BSP) reminds the public that folded banknotes, whether polymer or paper, can be circulated and accepted as payment for day-to-day transactions.
While the BSP had previously issued guidelines on proper handling of polymer banknotes, it is important to note that such guidelines apply to both paper and polymer banknotes and were intended to raise public awareness on the proper use of banknotes to safeguard their integrity and to prolong their lifespan.
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Luzon Development Bank is a supervised bank by the Bangko Sentral ng Pilipinas with telephone number (02) 8811-1277 and email address at consumeraffairs@bsp.gov.ph.