Not all these images show 'new Philippine coins and bills' in circulation

Copyright AFP 2017-2023. All rights reserved.

Social media posts shared thousands of times misleadingly claim the Philippines released new money, including a 150-peso, 500-peso and 5,000-peso banknote and a 100-peso coin. But the archipelago nation's central bank said it had not issued a 150-peso or released a new 500-peso banknote. The posts also shared photos of a commemorative 5,000-peso banknote and a 100-peso coin which have not been circulated widely.

"New Philippine Peso Bills," reads the caption of one Facebook post from January 11, 2023 alongside the misleading photos, which was shared more than 8,600 times.

A similar post was shared on the same day that reads: "I think I need a long wallet."

The posts featured images of the supposed new Philippine 150-peso, 500-peso and 5,000-peso bills, as well as a 100-peso coin.

They were shared alongside a genuine design for a new 1,000-peso note that features the Philippine eagle.

Screenshot of the misleading post taken on January 19, 2023.

A similar claim was shared thousands of times in Facebook posts here, here, and here; and on TikTok here, here and here.

Similar images have circulated online since at least July 2022.

Comments on the posts in January suggested some users believed the claims were genuine.

"The 100-peso bill is better than that coin," one user wrote.

"Now it's easier to give 150-peso change," another wrote.

AFP has repeatedly debunked misinformation about Philippine banknotes here, here, here and here.

Currency claims

The Bangko Sentral ng Pilipinas (BSP) previously told AFP that the purported new design for the 500-peso banknote was not genuine, as reported here.

"The P500 with tarsier illustration is fake news. It’s part of disinformation campaigns by some vested interests," the central bank's Governor Benjamin Diokno said.

The genuine 500-peso banknote can be seen here on the bank's website alongside other authentic bills.

In early January this year, the bank also said the 5,000-peso banknote was commemorative and not in general circulation.

When asked about the authenticity of the 150-peso bill featuring national hero Jose Rizal, the central bank referred AFP to this 2012 post on its Facebook page which said the banknote was "fictitious".

"The public is advised to report anyone passing such 150-Piso fictitious notes to the police authorities," the post reads in part.

In a Facebook post on December 27 last year, the BSP also said it did not plan to release a 100-peso coin, explaining that the image in the misleading posts shows an "old commemorative coin".

A screenshot of the misleading Facebook post with descriptions added by AFP.

The coin was released in 2017 to celebrate the 100th founding anniversary of Muntinlupa city -- located south of the capital Manila.

The city's local government also published images of the commemorative coin on its verified Twitter account on December 18, 2017.