March 21, 2023

Central Bank warns against fake P150 banknote

The BSP reiterated in an advisory released on Thursday, Feb.2, that it has not issued a new banknote in the P150 denomination.

“(BSP) has not released a 150-Piso denomination banknote featuring Dr. Jose Rizal.

Images of the said banknote circulating on social media are fictitious,” the BSP said.

“The public is advised to always check the legitimacy of information found on social media and other channels regarding Philippine banknotes and coins. To verify, visit the Notes and Coins section of the BSP’s official website,” it added.

The central bank also encourages the public to report those involved in the fabrication and distribution of counterfeit cash to the BSP Payments and Currency Investigation Group by email at or by phone at +63-2-8988-4833 and +63-2-8926-5092.