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Dec 11, 2021 · House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate also called the attention of the Bangko Sentral ng Pilipinas on “glaring errors” found in the newly-released P1,000 bill. “First, the BSP should correct the scientific name of the Philippine eagle into Pithecophaga jefferyi because the one they wrote on the new P1000 ...
Sep 9, 2021 · BSP issues tips in determining fake from authentic banknotes. The Bangko Sentral ng Pilipinas on Thursday called on the public to be attentive to counterfeit banknotes, giving tips on how to spot the security features of the Philippine currency. In a statement, the BSP said it is verifying reports circulating in messaging apps and social media ...
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- Security Features of Philippine Currency
- Watermark
- Security Thread
- See-Through Register
- Optically Variable Ink
- Serial Number
- Embossed Prints
- In Conclusion
The security features of the Philippine currency are designed to ensure the protection of each individual’s money. High-tech materials, such as holograms, optically variable magnetic images, and color-shifting ink have been incorporated into the latest banknote. New notes contain low visibility embedded fibers that can only be seen when held up to ...
The watermark feature is an important aspect of Philippine currency. It is a highly technical security measure which makes it difficult to counterfeit money. All denominations of Philippine banknotes include a portrait watermark of the country. This custom designed portrait is enlarged and repeated across the entire surface of each banknote. The wa...
This Security Thread runs diagonally across the bills and is specially designed to be difficult to counterfeit. Upon closer examination, the thread appears as a colored line which shows upon specific lighting angles. Additionally, when held against the light, a numeral, alphabetical characters or symbols can be seen within the thread. These identif...
One of the more impressive security features of Philippine currency is the see-through register. It allows for the portrait, logo, and denomination to be clearly seen when the note is held up to the light. This feature helps authenticate the currency due to its intricate design, as a counterfeiter would have difficulty reproducing this effect. The ...
Optically Variable Ink is a security feature present in Philippine currency. It changes color according to the angle it is viewed from, exhibiting different colors when tilted. The ink is applied to the faces and serial numbers of the banknotes, enhancing their counterfeiting resistance. OVI ink is made up of host pigment particles, which are micro...
The serial number feature of Philippine currency is designed as an important security tool. Each banknote has a unique identifying code which is printed in black ink at the lower left and lower right corners. The serial numbers are made up of numerical characters arranged in ascending order from left to right. A significant feature of the serial nu...
The embossed print feature of Philippine currency is a security feature which makes it difficult to replicate notes. It is created with a raised pattern on the surface making each single denomination easily distinguishable when felt by hand. This embossed print is also referred to as intaglio and is part of the secondary security features for paper...
Philippine currency is an important part of its economy and security features help ensure its authenticity. Armed with the knowledge of spots to check for counterfeits, one can easily spot fake bills in circulation. Paying attention to security features when handling money makes sure that our Pesos are not devalued and we are protected. It is impor...
Dec 11, 2021 · Dec 11, 2021 02:00 PM. House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Saturday, Nov. 11 called the attention of the Bangko Sentral ng Pilipinas on “glaring errors” found in the newly-released P1,000 bill. Zarate found the two errors referring to the image of the Philippine eagle as “quite embarrassing” and ...
Jul 23, 2021 · 23 July 2021 – Five scammers, believed to have milked millions of pesos from their victims, were arrested in a joint entrapment operation launched by the National Bureau of Investigation (NBI), the Securities and Exchange Commission (SEC), and the Anti-Red Tape Authority (ARTA) in Quezon City on 21 July 2021.The NBI identified the suspects as.. read more
Dec 12, 2021 · One account used 5 million pesos ($99,280) in stolen funds to buy Bitcoin on December 11, according to Philippine media reports. ... LEGACY INSURANCE SCAM [Php 30 billion/$591 million in losses ...
Jan 19, 2022 · This article is for subscribers only. Bank of the Philippine Islands has flagged rising cases of criminals using another person’s bank account to launder money. “Money mules,” or depositors ...
