Calbayog stores reject mutilated banknotes

CALBAYOG CITY, Samar, May 9 (PNA) -– Private establishments in this city refused to accept the money with stickers and staple markings as payment to purchases of customers.

Thousands of money with stickers of candidates and stapled on sample ballot, has been circulating in this city day since Saturday.

Kahlen Dalac, selling supervisor of Centro Mall Calbayog said that they have received payments from customers with stickers and staple markings, but they refused to accept it.

“Most of our customers have been using money with stickers of candidates name and other with staple markings, in paying the items they purchased, but we refused to accept the money,” Dalac said.

“We are just following the bank’s advise that no stickers or staple markings on the peso bills and that they will not accept it for deposit,” she added.

Other big establishments in the city have placed visible notice in their respective places regarding said advisory.

The Bangko Sentral ng Pilipinas (BSP) has been informing the public of its continuous implementation of the ‘Clean Note Policy’ and to intensify the awareness of the said policy to emphasize the importance of the Philippine currency for it represents our country and the Filipino people.

The BSP reminded the public that commercial banks will reject banknotes with staple wires and stickers.

Under Presidential Decree (PD) No. 247 defacing, mutilating, tearing, or partially burning or destroying Philippine banknotes by any means is prohibited.

Stickers, stamped markings, writings, or staple wires on bank notes are unacceptable. PD No. 247 or the Anti-Mutilation Law penalizes anyone who violates the law with a fine of Php20,000 or by imprisonment of not more than five years. (PNA)

PGL/SQM/JENNIFER SUMAGANG-ALLEGADO/EGR