#AskAttyGaby-- Usapang ipon | Unang Hirit
35,000 pesos, inamag?! Ang ilang buwang inipon at pinaghirapan, hindi na napakinabangan! Ano ba sinasabi ng batas dito? May karapatan ba itong mapapalitan sa bangko?
Alamin ‘yan kasama ang ating Kapuso sa Batas, Atty. Gaby Concepcion.
Hosted by the country’s top anchors and hosts, 'Unang Hirit' is a weekday morning show that provides its viewers with a daily dose of news and practical feature stories.
Watch it from Monday to Friday, 5:30 AM on GMA Network! Subscribe to youtube.com/gmapublicaffairs for our full episodes.
Alamin ‘yan kasama ang ating Kapuso sa Batas, Atty. Gaby Concepcion.
Hosted by the country’s top anchors and hosts, 'Unang Hirit' is a weekday morning show that provides its viewers with a daily dose of news and practical feature stories.
Watch it from Monday to Friday, 5:30 AM on GMA Network! Subscribe to youtube.com/gmapublicaffairs for our full episodes.
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FunTranscript
00:00 Always ready to answer your questions on the law.
00:03 Here's your "Kapuso sa Batas" (Counselor on the Law)
00:05 Atty. Gabby Concepcion.
00:07 Atty. Gabby.
00:08 Hi Van, thank you very much.
00:11 Now, let's save up when we have time.
00:14 We all save up.
00:16 Some save up in the bank, some in the alcance,
00:19 and some save up in the cabinet.
00:21 But be careful, and maybe like here,
00:24 the hard work you put in for a few months
00:26 will not be able to be used for good.
00:27 That's what a generous mother in Davao, Oriental, saw
00:32 when she saw the 35,000 pesos she saved up
00:36 for her two children's education.
00:39 The money she saved up.
00:41 What will you do if that happens to you?
00:44 Well, ask me, ask Atty. Gabby.
00:48 The question, Atty., is not just saving up,
00:56 sometimes it's a lot, sometimes it's a lot.
00:59 Or our children are being greedy.
01:03 What does the law say here?
01:05 Do I have the right to exchange it in the bank?
01:09 Well, the answer is, if the money,
01:11 whether it's coins or paper,
01:14 if it's considered unfit or mutilated,
01:16 it can be brought to the bank and exchanged for a new one.
01:20 You can say that the money is unfit,
01:22 if, one, there are too many folds that the paper fiber is already breaking
01:27 or if the paper is disintegrating.
01:29 Second, if it's too loose or has marks.
01:33 Third, if it's too soft,
01:35 as in, if you hold it in the middle of the building,
01:37 it will no longer stand.
01:39 You can say that the money is mutilated,
01:42 if it's already torn and only has a joint of scotch tape.
01:45 We often do that.
01:47 Or, it's smaller, not the original size,
01:50 because it's torn, damaged,
01:52 or it's been bitten by an insect or a cat,
01:54 or it's been sprayed with chemicals.
01:56 Third, if it's burned or has become brittle or crunchy.
02:00 Fourth, if the signature is gone,
02:03 or the security thread is gone.
02:05 So usually, it can be exchanged when it's brought to the authorized banks,
02:09 but it's not accepted because there are requirements.
02:13 For example, if more than two-fifths are gone,
02:17 three-fifths or 60% of the paper should still be there.
02:22 It's also not acceptable if you can't identify the original note,
02:26 because it might have been sprayed with chemicals
02:28 or erased all that's written on the paper.
02:30 If the security thread is gone,
02:32 or if the paper is cut edgewise,
02:34 the back or front of the paper is gone,
02:37 you can't exchange it.
02:39 So, BSP is advising to present mutilated coins and banknotes
02:45 to any bank that will inspect and exchange and reveal this.
02:53 Question, is there a prison for trying to destroy the money?
02:59 Unfortunately, there is.
03:01 You can't destroy, write, clean, burn the money.
03:05 Also, there is a lot of scratching that can damage
03:09 or put chemicals to change the color or whatever.
03:13 Under PD 247, which was issued in 1973,
03:17 but it's still a good law,
03:20 defacement, mutilation, destruction, and cleaning
03:24 are strictly prohibited.
03:26 There is a possible fine of not more than Php 20,000.
03:30 And this is the answer to your question.
03:32 There is a possible prison for five years.
03:35 But don't think that the Central Bank won't notice you
03:39 because it's only been a while, less than two years ago,
03:42 BSP was accused of helping PNP and anti-cybercrime elements
03:47 that they were looking for the five individuals
03:50 who showed that they were destroying money on social media.
03:54 I don't know what the result of the case is,
03:57 but they were accused.
03:59 So, be careful with money, that's important.
04:03 So, here, we will give clear laws for the peace of mind.
04:10 Don't think twice.
04:12 Ask me, ask Atty. Gabby.
04:15 [Music]
04:17 [BLANK_AUDIO]