Beware of counterfeit 50 and 100 peso bills...

Oh, my! We have that here sometimes with the $20. One has to watch. Sorry you got taken.

I wish those who do make fake bills and even coins, heard that here in the country, there have also been reports about counterfeit ten peso coins, realize that if the amount of money circulating in the market is not balanced with how the status of the economy of the country is running, it would turn out into a bad situation wherein even if you have a good amount of peso bills in hand, you'd still need more to just buy even the simplest things. Anyway, hope that everyone would be sharp enough to consider looking at the bills that they get for change whenever they do transactions.. one distinguishing detail that we could base our judgement on if the bill we have is either fake or authentic would be the texture of paper of the bill.. that's for seemingly new bills.. then again, how about if those who are making fake bills even go on with an effort to make their countereit bills look old? So that suspicion isn't raised?

Oh, that's bad news, friend. The only good thing about it was that the bills you received came only in small denominations. Eventhough I work in a bank, I have to admit that I personally can't differentiate a genuine peso bill against a fake one. Some local banks extend seminars regarding detection of counterfeit bills only to the tellers, cashiers, or front office personnel; thinking that they are the ones who need to be informed about it because these people come in contact with clients on a daily basis. On my part, I feel that this practice is quite unfair for some of us bank employees. I'm fully aware that a seminar for a hundred bank employees is more costly than for less than fifty people; but sometimes, this can be more harmful to those who are not well-informed about this particular matter. Just like the non-bankers, we could easily be fooled by by people who create fake bills. And this act is rampant these days because aside from the fact that it is the time for holiday shopping for many people, economic crisis is hovering in our midst that the bad elements of the country are doing anything to get hold of cash or goods, even if it means fooling their countrymen.

I have never actually seen a real counterfeit money (in circulation). I only see them taped on store windows, etc. A few days ago, I thought that I actually did get a counterfeit money as a change but my mother (an accountant) took it and examined it for a few seconds and then confirmed that it's real. What made me doubt its authenticity is the faded color - I guess they dropped it in water or something. Thanks for the response on my discussion!

Hi dear,well counterfeit bills are there in almost all countries and what ever steps the authorities have taken to break up this racket has been in vain.In my country,the Reserve bank of India always takes steps to check counterfeiting by adding additional water marks or codes,but its not long before the racketers get hold of it and print fresh notes identical to them. I am always careful and receive high denomination notes only via the bank......fakes in small denominations are less common and fortunately I have not come across any of them.But take my tip,i am told that even holding fake notes is a serious crime and its safer to destroy them rather than keeping them as souvenirs.....You please verify this information and act accordingly ,ok..........good luck....

The fastest way to know if the 50php or 100php that you got is fake is to scratch them to a paper receipt. If it gives you the same color streak of the bill, it is real. Otherwise, it is fake. It also applies with larg paper bills like 100, 200, 500 and 1000.I learned it from fast food chains like McDo and Jollibbee. I was just observing them everytime i ask my order and they told me about that.

Hello aseretdd, I know it has nothing to do with me directly as I am not using the currency but, we too have many times came across counterfeit notes especially RM50 notes. I don't have any experience receiving the fake notes (well, I never give any counterfeit notes though... *laughs* )but it is a good reminder to me. I always happen to read about it here too.

I guess this usually happens during the ber months, because money during these months come quite fast.

I think you are referring to Peso denomination. I have ecnoutered some of it but in 20's and 50's denomination is actually very obvious because some people would prefer counterfeiting higher denominations more than lower denominations. If you would look at it they would still exert the same effort if they counterfeit higer denominations and lower demonination, so given the choice they would contentrate on doing a good conterfeit more on higher denominations. In higher denominations like 500 and 1000 bills is actually not that hard to detect if you are just being careful. But there are times when we are in a hurry and we would not able to observe it very well. In your case you found a 20 counterfeit bill, i think they used a lower denomination bill like 10 or 5 and erased the image and they printed a 20 bills imgage on it. BUt i think there are some marks left that would distinguish it like the water mark and if you view it in black light there would be an image of the original denomination that would appear in the bill. I think the hardest to detect is a counterfeit dollar bill because the way it was conterfeited is almost perfect and there are just very small marks too look for to be able to distinguish if it is counterfeit. You could not easily tell a counterfeit dollar bill from the real one without the use of a magnifying glass. Unlike the Peso bill where we could easily detect the fake one even if we would just use our naked eye.

I felt so shame on those people to knew that our Country has been striking this kind of things within our money and the worst thing is it is the poor people who will encounter such result on this not the people to whom who is rich but the poor ones and so pity of it.....

another fake money? what's with it? oh the economy is really worsening no? Thanks for the advance warning, I will be more aware now with this denomination.

Bad people really do those kinds of nasty things.I hope you wont experience the same incident again.Me im hoping i wont be able to experience it to.im very very cauitous when it comes to checking my changes. happy mylotting and thanks for the warning!

things people will do for money, and I hope the culprits will be caught. I would not wan to be a vicitm of fake money and thanks for informing us early on.

whoahh... thanks for reminding us to be cautious at all times...

wow.... sure the maintenance guy in your office has a CSI eyesight lol. lucky that he had bewared you it would be a shame that if you buy something with that and the people will notice it was fake then they might think that you are a part of a modus like that. i hope i wont get a change like that. i am not good on looking if it is fake or not

Thank you for the notice. Some guys even counterfeited our 10-peso coins. I know that they're not doing it for the sake of getting piles of money since the production of the fake ones is larger than it's value. I think they're just pissing Bangko Sentral ng Pilipinas (Central Bank of the Philippines).

I guess, we should just all be on guard with theses negative things that has been happening nowadays. It's from bills to coins has been counterfeited. From 1000 to the smallest bill. Let's just be aware and share this information to all so that we can at least lessen incidents that will lead to a bigger problems with regards to counterfeiting of Philippines Money.

hi aseretdd! yes, there are alot of counterfeit money nowadays. since it is time for shopping, this is also the time, where bad people send out those fake moneys. just beware always. check your money after receiving a change from a store. take care