Mavic Conde | Rappler.Com |
May 12, 2019
Make a guess why this bank has released small bills worth up to P100 million just before the May 13 elections.
Did you know that a local bank in Albay anticipates a shortage of smaller bills when election day is near?
A resident from Albay said this is true.
“Yes, Bangko Sentral ng Pilipinas (BSP) asks for a projection on this every start of the year. But it is still the BSP that allocates the amount for each bank,” an employee said.
According to the employee, the bank often runs out of new, smaller bills days before election day.