Tag page - legal tender

Presidential Spokesperson Harry Roque branded as fake news the reports circulating via text message that the P20 banknote will no longer be recognized as legal tender before the end of 2021. (Ellson A. Quismorio/ MANILA BULLETIN) "Ang P20 paper bill ay mananatiling legal tender. Mayroon po kasing...

Can an employer pay their employees' salaries purely in coins? Under Circular No. 537 Series of 2006 issued by the Bangko Sentral ng Pilipinas (BSP), payment, particularly in the form of coins, shall be "legal tender" or must be accepted for as long as it does not exceed a certain limit. For P1 to...