Sunday, 18 December 2011 15:10
Beware of counterfeit P200 bills being circulated by unscrupulous people taking advantage of the Christmas holiday rush.
Among the latest victims is a lotto outlet at the Eunilaine Supermarket near the corner of Visayas and Tandang Sora Avenues in Quezon City.
A lotto attendant showed to the Philippines News Agency a fake P200 bill which she said was used by a man who bought lotto tickets at the lotto betting station on Thursday.
Asked why the P200 bill is considered fake, the lotto attendant took the counterfeit money, then pressed it hard up-and-down on a pad of paper but it did not leave any dent of ink. A fake peso bill is smooth when touched with the hand, but the genuine has some roughness on its surface.
To compare it with a genuine P200 bill, the lotto attendant did the same motion, and this time it left some ink imprints on the pad of paper, showing that it is not fake.
She said she only detected the fake P200 bill when she counted Thursday evening the lotto outlet's sales for the day.
The lady lotto attendant asked the public to be extra careful of counterfeit peso bills, especially during the Christmas holiday.
Printing and circulating fake currency is tantamount to economic sabotage.
The characteristics of genuine new Philippine peso bills are the following:
* 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 four days to finish, resulting to the rough feel of the new bills;
* 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 fake ones;
* 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 - Aside from the watermark of the face of the bill, the Bangko Sentral ng Pilipinas (BSP) has also added a watermark of a bill's respective denomination, i.e., a P1,000 bill has 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 a different angle.
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