The Bangko Sentral ng Pilipinas (BSP) has renewed its warning that melting, damaging, or altering Philippine coins — including commemorative coins — is illegal and punishable by law.
The reminder follows past incidents where coins were intentionally damaged or repurposed, prompting the central bank to again stress that Philippine currency must be protected and used properly.
Under Presidential Decree No. 247, it is unlawful to willfully deface, mutilate, tear, burn, or destroy Philippine money issued by the BSP. Those found guilty may face up to five years in prison and a fine of up to ₱20,000.
The BSP said coins are meant for everyday transactions, while commemorative coins are issued to honor important events, historic sites, and notable Filipinos. These coins are part of the country’s legal tender and should not be altered or damaged.
