2024-04-06

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CL-2024-017: Acceptance of folded polymer banknotes

The Bangko Sentral ng Pilipinas issued Circular Letter No. CL-2024-017 to instruct all supervised financial institutions to continue accepting folded polymer banknotes as legal tender. The regulator mandates that these institutions utilize provided multilingual informational materials across their communication platforms to correct public misconceptions regarding the validity of such notes. This requirement remains in effect until March 31, 2025, to ensure the continued circulation and acceptance of polymer currency.

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Bangko Sentral ng Pilipinas

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Source: Bangko Sentral ng Pilipinas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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