Question & AnswerQ&A (BSP MEMORANDUM)
The BSP Memorandum dated April 3, 1995, warns the public about the counterfeit 500-piso New Design Series note.
The counterfeit note contains a strip of finely cut silvery material similar to a 'gift wrapper' pasted vertically between two sheets of paper to imitate the security thread.
It is made up of two thin sheets of paper pasted together with printings appearing on the outside portion.
The counterfeit watermark is copied by printing the portrait of Benigno Aquino on the inner or pasted portion of one of the two sheets using light gray ink, rather than being an inherent impression on the paper.
No, the counterfeit note does not contain security fibers.
The portrait on the counterfeit merges with the background and appears dull and not lifelike, with its eyes made up of solid mass instead of concentric lines.
The serial numbers on counterfeit notes are not well aligned and are not uniform in strokes and sizes.
They should carefully examine all suspect notes and communicate with the Currency Analysis and Redemption Division or the nearest Bangko Sentral office using the provided contact numbers.
The Bangko Sentral ng Pilipinas (BSP) is responsible for handling counterfeit currency.
The lacework and other background designs are composed of lines which are blurred and broken, and the lines forming the picture on the back are not fine and sharp.