Instead of banning withdrawals of huge amount of cash, the Comelec will only prohibit people from carrying it in the run-up to election day
MANILA, Philippines – For the October 30 barangay and Sangguniang Kabataan elections, the Commission on Elections will reintroduce the “money ban,” a policy discontinued in the 2013 elections. But this time it will be slightly different.The “money ban” is part of the draft resolution written by the poll body’s task force against vote-buying, which Comelec Chairman George Garcia said will be implemented for the 2023 polls.
“For the period of five days before and on election day, it is prohibited to possess, transport, and carry cash exceeding P500,000 or its equivalent in any foreign currency,” Comelec committee on kontra-bigay secretary Glinis Tamondong said on Tuesday, August 22. She added Comelec checkpoints which would be in place during that period will be tasked to enforce the policy.
Cashiers or disbursing officers who transport and carry cash exceeding P500,000 by nature of their business or profession are exempted as long as they are in the actual performance of their duty and have proper documents with them.But it was met with pushback even from the Bangko Sentral ng Pilipinas, which was
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