SM Retail Stores has released its official statement on its policy regarding the acceptance of the new P1,000 bill, which reads as follows:
“In response to the information circulating on social media regarding the new P1000 bill, we would like to assure the public that folded bank notes are still accepted in our SM Retail Stores. Only those that are mutilated – stapled and ripped caused by removal of staple wire – will be deemed unfit and not accepted. Our policy has considered the guidelines set by the Bangko Sentral ng Pilipinas.
We encourage the public not to engage with the misleading social media posts.”