Philippine central bank denies issuing directive re “stamped” US dollar notes

It reminded the public to remain vigilant against bogus information.

The Philippine central bank has clarified that it has not issued any directive that US Dollar notes with stamps will only be accepted until 12 March, or any specific date.

In an announcement on its website, the Bangko Sentral ng Pilipinas (BSP) said that it does not accept requests for exchange or replacement of foreign currencies to Philippine peso.

It further advised the public to “remain vigilant against bogus information, particularly those circulating on online chat groups, as well as entities that misrepresent the BSP.”

“BSP’s mandate is limited to the exchange of Philippine currency to Philippine banknotes and coins of any other denomination,” the central bank said in a statement.