THE CENTRAL BANK reminded the public that printing images of currency without prior approval is illegal. — BW FILE PHOTO

THE BANGKO SENTRAL ng Pilipinas (BSP) warned the public that printing images of currency is illegal and may result in imprisonment.

The reminder was issued after the National Bureau of Investigation (NBI), together with the BSP’s Payments and Currency Investigation Group, arrested a suspect for selling money or cash envelopes using the image and design of the P1,000 bill.

Previous reports showed an online seller in Cavite was nabbed after she delivered envelopes bearing the design of the P1,000 bill to an NBI undercover agent.

Persons found reproducing Philippine banknotes, whether in black and white or in color, without approval from the BSP will be subject to imprisonment of five to 10 years, according to BSP Circular 829 Series of 2014.

“The public may be allowed to reproduce images of Philippine banknotes if authorization or approval from the BSP has been secured for educational, historical, numismatic, newsworthy, or other relevant purposes that will maintain, promote, or enhance the integrity and dignity of the Philippine currency,” the central bank said. — LWTN

RELATED ARTICLESMORE FROM AUTHOR