How to spot fake money
Do you know what makes the Philippine five-peso bill below a fake? If you don't, these pointers from the Bangko Sentral ng Pilipinas (BSP) on how to spot fake currency will definitely come in handy.
- For P10 and P5, genuine coins are not magnetic, have deep "griddings", and made of smooth, fine metal. Designs of counterfeit coins are off-centered.
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- Genuine one centavo to P1 coins can either be magnetic or non-magnetic. But the BSP said no coins of such denomination have been faked yet.
- Genuine currency notes are a bit rough in texture while counterfeit bills are very smooth.
- Genuine bills also have embossed watermarks. They have window security thread, colored green to magenta when exposed to light.
- Lastly, authentic currencies don't have Manny Pacquiao's face. Well, not yet, that is…
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December 17th, 2006 at 3:11 am
[...] In addition to the simple ways to identify counterfeit money outlined in this article, here are some more things you can check to detect if the money you have is fake or not. [...]