🔒 Closed Daming Bawal Eh

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Professora Akira

☯️ SôulNinetãiL☯️
Wala na nga akong 1k ,dami pang rules ....
foldplay🥴
IMG_20220711_194050.webp

-ctto-
 
2pcs na 500 na lang kesa dun sa wantawsan.... hassle.hahahaha

sabi daw po fakenews lang un
1657609279813.webp


eto pa

1657609314470.webp



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"One folded bill should be just as good as a bill not folded."

The representative reasoned further that if the polymer bills were more sensitive and less flexible than the paper bills, the whole effort defeated its own purpose, which was to make paper bills more durable.

"To resolve these concerns, may I request that the BSP issue guidelines on accepting polymer P1000 bills, and what remedial resources cash-holders can resort to, should their polymer bills no longer be acceptable to establishments. I understand that, with the paper bills at least, damaged bills could still be exchanged with banks and the BSP,” said Salceda.

Furthermore, Salceda pointed out that in theory and in usual practice, the value of money was not affected by its appearance.

"What matters is the validity of the promise embedded in the currency. That should determine the value. Money is fungible, so you should be able to exchange one bill with another and not lose value," Salceda said.

He added that sanctions on those who fold the new P1,000 bill would also be hard to implement because there would be no record of who held which bills.

“I hope Philip [Medalla] directs the issuance of guidelines soon. We are not the only currency using polymer. Australia and Canada also do, and they’re not quite as finicky about the bills," Salceda said.

In addition, the Albay Representative said he had scheduled a meeting with the BSP on the polymerization of other bills, as well as their impact on the abaca sector.
 
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