Nabayaran Ka Na Ba ng PEKE na Pera? (Ever been paid with FAKE Money?)

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When I opened my computer this morning I stumbled upon this news about the fake 200 peso bills circulating around Tacloban City. I just thought that they had only found out about that this time only wherein the fake 200 bills had been circulating for some time already even here in Manila.

So how do you spot fake money anyway? That is why I am asking if have you ever been paid with one? Maybe you already have been but you just did not know it yet. The worst thing that you could be paid fake with are 500 and 1000 peso bills – OUCH. With the current economic situation, we simply cannot afford to let such things pass. Let along those scoundrels who are responsible be free out on the streets.

Anyway, here is the an excerpt of the news. And further below is a list of tips on how to DETECT / SPOT FAKE MONEY

fake 200 peso bills

TACLOBAN CITY – The local office of the Bangko Sentral ng Pilipinas (BSP) has expressed alarm over the sudden increase of counterfeit P200 bills circulating in the city and in some parts of Eastern Visayas.

The local BSP said 91 fake P200 bills have been recovered by its operatives and the police from January to July this year compared to last year’s 14.

BSP Tacloban’s actig deputy director Leonides Sumbi said several counterfeit money in denominations of P100, P500 and P1,000 have also been circulating in the city.

The BSP is encouraging victims to surrender the fake money in their possession and refrain from circulating them back to the market.

Sumbi said BSP-Tacloban is closely working with police to identify the group behind the counterfeit money. He said the BSP has also set aside bounty money for those who can help the agency arrest the counterfeiters, but declined to specify an amount.

Meanwhile, BSP-Tacloban is scheduled next month to conduct a public forum to better inform the public on how to identify fake bills.

HOW TO DETECT / SPOT FAKE MONEY

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

Each peso note has a predominant color:

* 1,000-piso – Blue
* 500-piso – Yellow
* 200-piso – Green
* 100-piso – Mauve
* 50-piso – Red
* 20-piso – Orange

(a) Watermark

The watermark is the silhouette of the portrait on the face of the note. When viewed against the light, details of the light and shadow effect of the watermark can be seen. The contours of the watermarked portrait can also be felt by running the fingers over the design.

(b) Embedded Security Thread

This is a special thread vertically embedded off center of the peso note. This is easily seen when the bill is viewed against the light. It appears as a broken line for Php 5, Php 10 and Php 20 bills and a straight line for Php 50, Php 100, Php 200, Php 500 and Php 1,000 bills.

(c) Windowed Security Thread

This is a narrow thread located vertically like stitches on the note. It has a cleartext of the numerical value in repeated sequence. Depending on the angle view, it changes in color from magenta to green and vice-versa.

(d) Iridescent Band

The Iridescent Band is a glistening gold vertical stripe on the side of a note with the numerical value printed on it.

(e) Portrait

The portraits on the notes appear life-like especially since the eyes seem to “sparkle.” Shadings are formed by the fine lines that give the portrait a characteristic facial expression which is difficult to replicate.

(f) Serial Number

The Serial Number is composed of 1 or 2 prefix letters and 6 or 7 digits. It is printed with uniform size and thickness, evenly spaced, and well-aligned. It also glows under ultraviolet light.

(g) Background / Lacework Design

The background designs are made up of multicolored and well defined lines. The lacework designs are composed of web-crisscrossing lines which are continuous and traceable even at the intersection.

(h) Vignette

The lines and dashes of the vignette are fine, distinct, and sharp. The varying color tone gives a vivid look to the picture making it “stand out” of the paper.

(i) Value Panel

These are the numerals found at the four corners of the back and front surfaces of the note. They denote the denomination of the bill.

(j) Fluorescent Printing

An invisible numerical value on the face of the note that glows under ultraviolet light.

(k) Microprinting

These are minute and finely printed — but clearly printed and readable — words “Bangko Sentral ng Pilipinas” or “Central Bank of the Philippines” located at the face or back of the note.

(l) Concealed Value

Php 500 notes have a Concealed Value located at the lower left corner on the front side of the note recognizable when the note is held at eye level.

(m) Optically Variable Ink

Php 1,000 notes have Optically Variable Ink that changes color from green to blue and vice-versa when the note is viewed in different angles.

src:pinoymoneytalk.com