How to Identify FAKE PESO BILLS

06 Jun BEWARE of FAKE PESO BILLS! Here are tips on how to identify them.

Posted at 14:54h in Cagayan de Oro News by Luis 0 Comments

Mga higala! Fake peso bills are now spreading all over the country! In relation to this, here are some tips shared by a netizen named Joy Mortola to detect fake Philippine money when you get it.

Thoroughly touch the money. Run your fingers through every bill you receive. Real money is somewhat rough because it’s made of cotton and abaca, while fake money is made of smooth paper.
The images should also be raised. Various texts on the bill such as “Republika ng Pilipinas” on the top portion, the amount in words at the bottom, and the amount in figures should be embossed.
Look for a watermark. According to Mortola, “The blank white area on the front part of all Philippine bills have a watermark that matches the image on the left. You can see the watermark by putting the money against the light and tilting it a bit. The image of the bill, as well as the denomination, can be seen on the right side.”
Find the security threads of each denomination. All Philippine bills have embedded security threads. The threads of the 20 and 50-Peso bills are 2mm wide, while the 100, 200, 500, and 1000-peso bills are 4mm wide. The 4mm security threads appear stitch-like and metallic that also change in color depending on the angle.
Look for the OVD or Optically Variable Device patches on 500 and 1000-peso bills. “The 500 and the 1000-peso bills have reflective round patches on the left front side of the bill. These patches change their color when rotated. In these patches, you will see a small BSP (Bangko Sentral ng Pilipinas) logo for each denomination with a Blue-naped Parrot for the 500 bills and South-sea pearl for the 1000 bills.”