Beware of Counterfeit Money
We have to be aware that there some groups who are into producing fake monetary notes not only nationwide but worldwide too. Fake money is sometimes hard to detect just in a glance. The Philippine currency which are mostly counterfeited are the 1,000, 500, 100 and even 50 peso bill, the 5 peso coin, and the 10 peso coin.
According to the Central Bank of the Philippines
Be more careful with coins bearing dates of 2001 or 2002. Fake coins stick to magnets and are made of steel. While the genuine coins are made up of an alloy of aluminum, copper, nickel, and zinc. Fake coins tend to rust, real ones don’t. The fake coins are lighter too. The other letters are also indistinct. The edge of the inner metal (yellow) is also uneven.
When I was still operating an ICafe business, I happened to be a victim of a counterfeit money. It was a 500 peso bill. I am not aware of it until I went to the bank to deposit my weekly sales. After that incident I immediately bought a money detector or money checker. It is easy to use, you will know in an instant if the currency is legit.
I strongly recommend the use of money detectors, even if you run only a small business like a Sari-sari store. Better be safe than sorry.
fake po ba yung 2nd picture, meron kasi ako nian dito
yes, try mo sis Air kung didikit sa magnet, pag dumikit fake, another is magaan sya, compare mo sa real 10 peso coin
Hi miss joy!Thanks for posting this. It's so informative. I'll make sure to check the large bills!
By the way, I took the liberty of tagging you in a post. Hehe No pressure though. I know you're busy. Here it is: http://tagadavaoko.blogspot.com/2011/04/little-bit-of-me.html
mahirap talaga maging biktima… 🙁 especially kung ala ka na ngang pera 🙁
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followed you sis 🙂
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Nasuklian na ko before ng 5 peso and 10 peso fake coins. Sobrang gaan and dumidikit nga sa magnet.