Tag Archives: Banking

Lapulapu Commemorative Banknote

Lapulapu Commemorative Banknote The Bangko Sentral ng Pilipinas, in cooperation with the National Quincentennial Committee (NQC), launched on 18 January 2021 the 5000-Piso Lapulapu Commemorative Banknote and Medal to kickoff the 99-day countdown to the 500th anniversary of the “Victory at Mactan.” Features of the Lapulapu Commemorative Banknote (Obverse) 1. Battle of Mactan 2. Portrait of Lapulapu 3.… Read More »

Lapulapu Commemorative Medal

Lapulapu Commemorative Medal The BSP, in cooperation with the National Quincentennial Committee Philippines, launched 5000-Piso Lapulapu Commemorative Banknote and Medal to kickoff the 99-day countdown to the 500th anniversary of the “Victory at Mactan.” Features of the Lapulapu Commemorative Medal (Obverse) 1. Quincentennial logo 2. Embossed text “Lapulapu” 3. Lapulapu Shrine 4. Mint mark Features of the Lapulapu… Read More »

How to spot fake Philippine money?

How to spot fake Philippine money? In order to ascertain the genuineness of Philippine banknotes, the BSP advises the public to carefully feel, look, and tilt their banknotes to check for security features, as illustrated below:   Feel 1. Security Paper 2. Embossed Prints 3. Tactile Marks   Look 4. Watermark 5. Security Fiber 6. Asymmetric Serial Number… Read More »

Waiver of Fees for PESONet and InstaPay

  BSP Governor on the waiver of fees for PESONet and InstaPay The BSP is actively pushing for the use of digital payments now as part of a safe and convenient payment system. My goal is to have half of all financial transactions — in volume and value — should be in digital form by the end of… Read More »

Providence Rural Bank Update

  Providence Rural Bank eligible depositors with accounts P100K and below to receive deposit insurance via postal money orders The Philippine Deposit Insurance Corporation (PDIC) announced that depositors of the closed Providence Rural Bank, Inc., whose accounts have balances of P100,000 and below, will soon receive their deposit insurance payments through postal money orders (PMOs) with the lifting… Read More »