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 How to Spot Fake New Philippine Peso Bills - Alin ang PEKE?? Pasok dito. .

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PostSubject: How to Spot Fake New Philippine Peso Bills - Alin ang PEKE?? Pasok dito. .   Wed Nov 16, 2011 11:30 pm

Recently highlighted in the local TV news were counterfeit Philippine peso notes. At this early in the game, some unscrupulous people have already tried to duplicate the redesigned Philippine Peso bills.
According to Maja Gratia Malic, manager of the currency analysis and
redemption division of the BSP, these fake bills look dull, feel plain
and is smooth to the touch. With regards to this problem, proceed to the
section below to know how to spot fake new Philippine Peso bills by its looks and feel.

Characteristics of Genuine New Philippine Peso bills

Embossed bill wordings - The title of the bill and the Republika ng Pilipinas phrase is lifted above the bill and is clearly distinguishable by feel;

Rough - New bills are threaded and are colored through a process
known as "intalio printing." This process takes a maximum of 4 days to
finish, resulting to the rough feel of the new bills;

[b]Vividly colored
- Genuine bills are very vivid and has vibrant
colors. It doesn't look dull, light, or faded. Color contrast and hue
are definite giveaways when spotting fakes;

Fatter security threads - The holographic security threads are
still there, but were made fatter for improved visibility. It also
changes colors when viewed from different angles;

Multiple watermarks[/b] - Aside from the watermark of the face of the
bill, the Central Bank has also added a watermark of a bill's
respective denomination i.e. P1,000.00 bills have now watermarks in the
bill itself. Just hold the bill against a light source to see these
security features;

Inscriptions - The new Philippine Peso bills have on the lower
left hand corner on both faces inscriptions which look like a series of
horizontal curves. These inscriptions are a pre-hispanic script called
Baybayin, which in the bill translates to Filipino. The bill, when
placed against the light, will show these two inscriptions perfectly
mirroring each other.

Optically variable inks - The ink used in selected parts of a genuine Philippine Peso bill change color when viewed in a different angle.

Security Features: (1) embossed prints, (2) serial number, (3) security
fibers, (4) watermark, (5) see-through mark, (6) concealed value, (7)
security thread, (8) optically variable device, (9) optically variable

Now with these security features you will be able to spot fake Philippine Peso bills like a pro in no time. But what will you do if fake Philippine Peso bills still get past you? Here's what to do:

How to Report Fake Philippine Peso Bills

1. Go to any Philippine bank e.g. Banco De Oro, Union Bank of the Philippines etc.;

2. Present the Philippine Peso bill or bills you suspect to be fake;

3. The bank will give the presenter an acknowledgement receipt to
certify that the notes submitted are the presenter's. It will be used
later for claiming the notes submitted. The bank will now forward the
notes to the Central Bank of the Philippines for analysis;

4. After an immediate analysis and determination, the Central Bank of
the Philippines will return the notes to the bank of origin. The
presenter will now be able to claim the said notes together with the
analysis of the BSP.

Note: The Central Bank of the Philippines will not replace notes they determined to be counterfeit with genuine Philippine Peso bills.
They reasoned out that the counterfeit bills have no real value to
begin with, so it is not economical to replace something without value
with something of value.

With this quick guide I hope I helped you learn how to spot fake new Philippine Peso bills.
You have to be absolutely careful with dealing with other people
because this is money we're talking about. Especially look out for your
bills in shady places like Divisoria, Quiapo, and most places in Manila.
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