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[av_heading heading=’Is your money fake?’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]
BY RUBY P. SILUBRICO
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Friday, March 24, 2017
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ILOILO City – This fiesta season, beware of fake peso bills, the Police Regional Office 6 (PRO-6) warned Ilonggos.
The summer season is also a time for fiesta celebrations and unscrupulous persons may take advantage of this by spreading counterfeit money in stores, public markets and public utility vehicles, said Superintendent Gilbert Gorero, regional police spokesperson.
“Scrutinize the paper bills handed to you, check the texture. The paper used in making counterfeit money is ordinary bond paper,” said Gorero.
It would be wise for business establishments to use counterfeit money detector machines, he stressed.
“Immediately report to the nearest police station if you have been victimized,” Gorero also said.
Section 8 of Circular No. 829, Series of 2014 of the Bangko Sentral ng Pilipinas (BSP) states: “No person or entity, public or private, shall design, engrave, print, make or execute in any other manner, or issue, distribute, circulate or use any handbill, advertisement, placard, circular, card or any other object whatsoever, bearing the facsimile, likeness or similitude of any legal tender Philippine currency note, or any part thereof, whether in black and white or any combination of colors, without prior authority thereof having been secured from the Governor, BSP, or his duly authorized representative.”
Violators face imprisonment of not less than five years but not more than 10 years.
According to the PRO-6, the new Philippine peso bills have the following characteristics:
* embossed bill wordings – The title of the bill and “Republika ng Pilipinas” phrase is lifted above the bill and is clearly distinguishable by feel.
* rough – New peso bills are threaded and are colored through a process known as intaglio printing. This process takes a maximum of four days to finish, resulting to the rough feel of the new bills.
* vividly colored – Genuine peso bills are very vivid and has vibrant colors. They don’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 made fatter for improved visibility. It also changes colors when viewed from different angles.
* multiple watermarks – Aside from the watermark on the face of the bill, the BSP has also added a watermark on a bill’s respective denomination. For example, the P1,000 bills now have 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 changes color when viewed in different angles./PN
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