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BSP Appeals to Public Re: Text Messages

01.12.2001

Bangko Sentral Governor, Rafael B. Buenaventura, appealed to the public to ignore or disregard text messages circulating that certain banks will be declaring a bank holiday or will be closed by the Bangko Sentral ng Pilipinas.

 There is no truth to the rumors as they are merely designed to destabilize the banking system, he said.  It’s a pity that there are some quarters who seem to be bent to create panic to depositors of banks, he added.  The  BSP Governor assured the public that the Philippine banking system  continues to be sound and stable and that there is no cause to be alarmed or to panic.

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