Title
Counterfeit 500-Piso Note Warning
Law
Bsp Memorandum
Decision Date
Apr 3, 1995
The Cash Department warns the public about a new counterfeit 500-piso note mimicking security features, urging vigilance and providing key distinguishing characteristics to identify fakes.
A

Key Features Differentiating Genuine from Counterfeit Notes

  • The watermark on the counterfeit is a printed image of Benigno Aquino on the inner pasted sheet using light gray ink, versus an inherent paper impression on genuine notes.
  • The security thread is simulated by a thin silvery strip similar to gift wrapper material, placed between the two pasted sheets.
  • The counterfeit paper lacks embedded security fibers found in authentic currency.

Visual and Print Quality Deficiencies

  • The portrait on the counterfeit appears dull and lacks lifelike details, with eyes shown as solid masses rather than concentric lines.
  • Lacework and background designs show blurred and broken lines.
  • Serial numbers are misaligned, inconsistent in stroke weight and size.
  • Reverse side images have lines that are not sharply defined or fine.

Recommended Actions Upon Suspecting Counterfeit Notes

  • Carefully examine notes that have a dull or unnatural appearance.
  • Suspects should contact the Currency Analysis and Redemption Division or the Investigation Staff of the Bangko Sentral ng Pilipinas (BSP) for verification.
  • Contact details include specific BSP phone numbers and the suggestion to reach out to the nearest BSP Regional or Sub-Regional Office.

Legal Authority and Adoption

  • The warning and guidelines were issued by the BSP Deputy Governor, Edgardo P. Zialcita, emphasizing regulatory authority over currency integrity.
  • The memorandum serves as an official advisory to the public to prevent circulation of counterfeit currency and ensure prompt identification and reporting of fake notes.

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