demonetization

Remolona, who also chairs the Anti-Money Laundering Council, pointed to international case studies to illustrate the risks of such a policy.

16 February 2026 · 2 MIN READ

BSP Governor Eli Remolona Jr. said demonetizing P500 and P1,000 bills remains off the table, citing risks to legitimate businesses and workers.

15 February 2026 · 2 MIN READ

The European Union progressively withdrew the €500 note after authorities found it disproportionately used in money laundering and organized crime.

6 December 2025 · 3 MIN READ

The proposal was originally raised by former Finance Secretary Cesar Purisima, who suggested withdrawing high-denomination bills from circulation following the…

15 October 2025 · 2 MIN READ