How to spot fake money

Do you know what makes this five-peso Philippine bill 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.

• 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.

• 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.

• 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.

• Lastly, authentic currencies don’t have Manny Pacquiao’s face. Well, not yet, that is…

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