BSP warns of fake P1,000 bills circulating in CamSur

Marje Pelayo

CAMARINES SUR, Philippines – Police authorities in the municipality of Goa are tracking the source of fake banknotes circulating in the markets there.

This was after several sari-sari stores complained of being victimized by people paying fake P1,000 bills.

Based on initial investigation of the Philippine National Police (PNP) in Goa, most of the victims were store owners in the upland area.

“Nakarecover kami ng bale apat po na P1,000 pesos na fake na magkapare-pareho ang serial number niya (We have recovered four pieces of fake P1,000 bill with the same serial number),” said PSSgt. Nestor Tuonan.

“Hanggang ngayon nagka-conduct po kami ng investigation para makuha namin kung saan po talaga galling o ang pinaka-source (We are currently conducting an investigation to identify the main source of the fake bills),” he added.

Authorities warn the public to be wary of accepting paper bills as lawless elements are taking advantage of the season to execute their modus operandi.

The Bangko Sentral ng Pilipinas (BSP), meanwhile, advised the public that there are three ways to distinguish fake banknotes from the genuine ones.

One way is to feel the prints on the paper bill.

“Maliban doon sa pagiging rough niya kapag hinawakan natin ang mga salitang Republika ng Pilipinas itong number words sa baba, ang denomination, ang signature naka emboss ang prints nito,” explained BSP Bank Officer II Florinda Joson.

(Aside from the rough feel when you touch the words ‘Republika ng Pilipinas,’ these number words at the lower portion, the denomination, and the signature are embossed.)

“So kahit wala tayong machine na gagamitin napakaganda ng pakakagawa ng new generations currency. Mahirap siyang gayahin. Kailangan lang malaman ng ating mga kababayan kung ano ang mga dapat tinitingnan sa pera,” Joson said.

(So even without the machine, the features of the new generation currency are very sophisticated. It can’t be easily faked. It’s just that the public needs to know how to scrutinize a genuine paper bill.)

The BSP calls on the public to immediately notify them if they receive information on whoever is spreading such fake banknotes or inform the nearest police authority. – MNP (with details from Allan Manansala)

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