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Prohibiting And Penalizing Defacement, Mutilation, Tearing, Burning Or Destruction Of Central Bank Notes and Coins.

PROHIBITING AND PENALIZING DEFACEMENT, MUTILATION, TEARING, BURNING OR DESTRUCTION OF CENTRAL BANK NOTES AND COINS.

PRESIDENTIAL DECREE No. 247 | 1973-07-18

MALACAÑANG
Manila
 
PRESIDENTIAL DECREE No. 247 July 18, 1973
 
PROHIBITING AND PENALIZING DEFACEMENT, MUTILATION, TEARING, BURNING OR DESTRUCTION OF CENTRAL BANK NOTES AND COINS.
 
WHEREAS, the Central Bank has the sole right and authority to issue currency within the territory of the Philippines under its issue power, and pursuant to Section 54 of Republic Act No. 265, otherwise known as the "Central Bank Act," as amended, by Presidential Decree No. 72 dated November 29, 1972, the notes and coins issued by the Central Bank shall be fully guaranteed by the Government of the Republic of the Philippines and shall be...