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

Published on 20/01/2023 at 11:05

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.