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Dec 29, 2020 · Published Dec 29, 2020. Money switches hands a lot towards the end of the year with all the holiday shopping and gift-giving. This gives fraudsters a window to use counterfeit peso bills and if you're not careful, you could end up with fake money.
Mar 29, 2023 · The Philippine currency has six security features to prevent counterfeiting. These features include a watermark, security thread, see-through register, optically variable ink, serial number, and embossed prints. Knowing how to check for these features can help you spot counterfeit bills and protect yourself from financial fraud.
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- Jay Pagkatotohan
- Pay Attention to the Color and Serial Number. Compared to real peso bills, fake ones would either be lighter or brighter in color. So, when receiving cash, make sure to check for any inconsistencies.
- Check the Texture. Philippine peso bills are made of abaca and cotton fibers, which add to its security features. Typically, counterfeiters would not be able to replicate the real bill’s subtly rough texture so fake peso bills will come out smoother.
- Look for Raised Text and Images. Apart from the texture of the bill, you should also check for raised images. Likewise, the text and numerical value at the bottom should be raised as well as they are embossed.
- Try Damaging the Bill. Rub some water on the paper bill. If the color smudges and the bill starts tearing, it could be a sign that the money you have is fake.
Jan 20, 2023 · Jan 20, 2023 4:48 PM. Multiple Facebook (FB) pages and netizens shared screenshots of fake banknotes and claimed they are new designs of the Philippine currency. Bangko Sentral ng Pilipinas (BSP) branded as fake a P500 banknote featuring a tarsier and a P150 bill featuring a portrait of Jose Rizal.
Dec 11, 2021 · Zarate found the two errors referring to the image of the Philippine eagle as “quite embarrassing” and should be corrected immediately by the BSP. If indeed found to be glaring errors, the BSP will be left with no other recourse but to recall the P1,000 bills already released to the public.
Sep 7, 2008 · Paper. The paper feels rough when fingers are run through it. Genuine peso bills also do not glow under ultraviolet light. Security Fibers. Visible red and blue fibers are embedded and scattered at random on both surfaces of a genuine bill. These can also be picked off easily by using any pointed instrument. Color.
Jan 29, 2022 · MANILA, Philippines — Banks are strongly supporting the call of the Bangko Sentral ng Pilipinas (BSP) for the imposition of harsher penalties against counterfeiters and coin hoarders as part of...
