Ex-finance chief: Phase out P500, P1,000 bills to deter graft
MANILA, Philippines — How can we deter graft and the theft of people’s money? A former finance chief proposes a novel safeguard: demonetize the P500 and P1,000 bills. According to Cesar Purisima, who served as finance secretary, using smaller denominations would make it harder for corrupt officials to stash or move illicit cash.
In a recent social media post, Purisima emphasized that removing higher-value bills from circulation could be an effective measure to combat corruption and improve transparency in financial transactions.
https://business.inquirer.net/549062/ex-finance-chief-phase-out-p500-p1000-bills-to-deter-graft
You may also like
推荐阅读
You may be interested
The New York Times
- Arrest Thwarts Plot Against Nerdeen Kiswani, Pro-Palestinian Activist 2026 年 3 月 27 日 Liam Stack, Tracey Tully and William K. Rashbaum
- After Being Struck by Air Canada Plane, Last Firefighter Is Released From Hospital 2026 年 3 月 27 日 Corey Kilgannon, Anusha Bayya and Patrick McGeehan
- One Republican Farmer in Wisconsin Is Bitter Over Trump’s Deportations 2026 年 3 月 27 日 Sabrina Tavernise and Jamie Kelter Davis
- Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists 2026 年 3 月 27 日 Ana Swanson
- Idaho Criminalizes Transgender Use of Some Bathrooms in Private Businesses 2026 年 3 月 27 日 Anna Griffin
- U.N. Report Documents Sectarian Violence in Syria That Killed Over 1,700 2026 年 3 月 27 日 Nick Cumming-Bruce
- The Bar Is Open Again on the Staten Island Ferry 2026 年 3 月 27 日 Stefanos Chen
- Fact-Checking the Debate Over the SAVE Act, the Republican Voting Bill 2026 年 3 月 27 日 Linda Qiu
- Hasan Piker Rally Sparks Backlash in Michigan’s Democratic Senate Primary 2026 年 3 月 27 日 Tim Balk
- Letizia Mowinckel, 105, Dies; Procured Jacqueline Kennedy’s Pink Chanel Suit 2026 年 3 月 27 日 Ash Wu
Leave a Reply