Beware of counterfeit 50 and 100 peso bills...

@aseretdd (13736)
Philippines
November 1, 2008 12:15am CST
Well, i do not know where i got it... or what store gave it tom me as change... but somebody did give me counterfeit 50 and 100 peso bills... i do not know if it was intentional... but it is quite difficult to tell whether the bills were real or not... But i found out when the maintenance guy in my office noticed the slight difference in the color... and when i looked at the water mark beside the image of the president.. that was how i determined that the two bills were fake... Seems like bad people would rather produce counterfeit lower bills since people do not really pay heed in checking them out... but we all Filipinos should be aware of this... I don't plan on spending the two bills... i think i will just keep them as souvenir...
5 people like this
18 responses
@drannhh (15241)
• United States
1 Nov 08
Oh, my! We have that here sometimes with the $20. One has to watch. Sorry you got taken.
2 people like this
@aseretdd (13736)
• Philippines
1 Nov 08
Well... fake bills amount to only around $3... not too much... but then again... i don't want to get more... since i don't need such happenings in my life right now... $20 is already a lot of money... equivalent to almost 1,000 pesos... Thanks for the response...
2 people like this
@Roseo8 (2947)
• India
1 Nov 08
Aseretdd,I am only guessing.But its better to consult someone....I dont think any bank will accept fake money and give real money in return.Soiled money,yes,but not fake money...You better ask a close confidant what to do.Its safer...
1 person likes this
@ratyz5 (7829)
• Philippines
3 Nov 08
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?
@aseretdd (13736)
• Philippines
3 Nov 08
Well, one thing is for sure... these criminals are smart... but not smart enough to realize the long term bad effect of letting these fake bills circulate in the market... i hope they get apprehended... the sooner the better... Thanks for the response...
1 person likes this
@ratyz5 (7829)
• Philippines
3 Nov 08
We all know that the economy isn't really at a very stable condition and it would be better if those who waste their time, effort and resources on making counterfeit bills, just do something productive like a real business which would be more better for the economy is some ways.. Yeah, I know, easier said than done and with some needs becoming dire, some can often lead astray and commit to more easier but, unlawful acts. (-_- )
1 person likes this
@aseretdd (13736)
• Philippines
5 Nov 08
It is indeed easier said than done... and most criminals would always choose the easy way... and with the lax punishment here in our country... that more that they have the courage to do such bad deeds... and something needs to be done...
1 person likes this
@Roseo8 (2947)
• India
1 Nov 08
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....
1 person likes this
@aseretdd (13736)
• Philippines
1 Nov 08
I did not know that keeping counterfeit money as souvenir is a crime... well... if that is the case... i think it is best that i just take them to the nearest Central Bank office... there is one a few minutes away from my apartment... but i just wonder why people would resort to such activities... since the long term effect of having a lot of fake money in the market is bad... we will all be affected indirectly... Thanks for the response...
1 person likes this
@Roseo8 (2947)
• India
1 Nov 08
oops I gave the reply in the wrong place.Please look in previous discussion....
1 person likes this
@aseretdd (13736)
• Philippines
1 Nov 08
I won't ask the Central Bank to replace the counterfeit... since i as very sure that they wouldn't do that... i would turn it over to them so that they will know that such fake bills are circulating... and they would in turn give a notice to the public to be aware of such counterfeits... thanks...
1 person likes this
@flaky03 (225)
• Philippines
12 Jun 09
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.
1 person likes this
@aseretdd (13736)
• Philippines
12 Jun 09
Oic... now i know... i would have to try that for myself... i guess there are really a number of ways to identify if the bills are fake or not... and knowing one or two of them is already enough... Thanks for the response... welcome to mylot and i hope you enjoy every minute of your stay here...
@oyenkai (4398)
• Philippines
26 May 09
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!
1 person likes this
@aseretdd (13736)
• Philippines
26 May 09
Well, real paper money does fade when they are accidentally or intentionally washed... good thing there are indications although very small that can identify it it is real or a fake... Thanks for the response...
@mykmari_08 (2466)
• Philippines
12 Nov 08
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.
1 person likes this
@aseretdd (13736)
• Philippines
12 Nov 08
I am also thankful that the fake money i got were only small denominations... if not... i would have cried because i cannot afford to lose money right now... i just hope tht the Central Bank would give tips on how to detect that fake ones from the real ones... that will surely help ordinary citizens... Thanks for the response...
@jewilim (495)
• Philippines
11 Nov 08
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.
1 person likes this
@aseretdd (13736)
• Philippines
12 Nov 08
I actually got the 50 and 100 bills... and some crooks are now counterfeiting lower bills because they can easily get away with it... since most of us do not really check... but if they are 500 and 1000... then it is a must for us to check the bills... or else we might fall victim to the scheme... Thanks for the response...
@tryxiness (4548)
• Philippines
4 Nov 08
I guess this usually happens during the ber months, because money during these months come quite fast.
1 person likes this
@aseretdd (13736)
• Philippines
5 Nov 08
I agree... and people do not usually check the smaller bills... only the big ones like 500 and 1000 bills... so the more we should be aware... i now find myself checking the bills i get as change for authenticity... never mind if people look at me as if i am crazy... better be safe than sorry... Thanks for the response...
@sati123 (184)
3 Nov 08
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.
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
We all do not want this to happen to us... the 50 and 100 bills are not too much... but i can't imagine how i would feel like if it was something like 500 or 1000 bills... i think i would cry if i get those fake ones... since right now... i cannot afford to lose money... Thanks for the response...
@Nhey16 (2519)
• Philippines
3 Nov 08
whoahh... thanks for reminding us to be cautious at all times...
@aseretdd (13736)
• Philippines
3 Nov 08
Yes, there is a need to be cautious at all times... i was not like that days ago... but when i found out that someone gave me fake bills... whether it was intentional or not... i do not want that to happen to me again... so now... i always check... Thanks for the response...
@gr8life (6253)
• Malaysia
2 Nov 08
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.
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
It seems like counterfeit money is a problem in any country... and i hope the all the criminal will be apprehended... since what they are doing is not good for the economy... and we are already experience a global economic crisis... and we the ordinary citizens should always be on the look out... lest we become victims too... Thanks for the response...
1 person likes this
@pehpot (4762)
• Philippines
2 Nov 08
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.
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
The economy is already in crisis... and it will be made worst if these counterfeit bills will be used widely... so take heed... and be careful everytime you get your change... because a lot of people do not really look at the bill they get as change in malls and groceries... Thanks for the response...
@iyah10 (4116)
• Kuwait
2 Nov 08
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.....
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
It is not only happening in our country... others have this problem too... like in the US... there are also counterfeit $100 and $20... i guess for some criminals... they see this as an easy way to earn lots of money... but they do not know that this will certainly affect our economy in a very negative way... Thanks for the response...
@JOIEMARVIC (2342)
• Philippines
2 Nov 08
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!
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
In the past... everytime i get change... i immediately just put it in my bag or pocket... but because of this incident... i would always check the bills... since i do not want this sort of thing to happen to me again... i do not have a lot of money to spare... Thanks for the response...
• Philippines
2 Nov 08
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.
@aseretdd (13736)
• Philippines
3 Nov 08
It is a good thing that they are only small bills... a counterfeit 1000 bill would have made me cry... since i could have bought a lot of thing with that... but right now.. i am very careful everytime i get change... since i do not want to get fake money ever again... Thanks for the response...
• Philippines
2 Nov 08
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
1 person likes this
@aseretdd (13736)
• Philippines
3 Nov 08
Well, i did check the 200 bills i got as change... and the cashier was kind enough to give me tips on how to spot the fake ones... and right now... everytime i get bills... i always check them... since i do not want to get fake money again... Thanks for the response...
@mik0930 (372)
• Philippines
1 Nov 08
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).
1 person likes this
@aseretdd (13736)
• Philippines
1 Nov 08
I heard about those fake 10 peso coin... and i also wonder what they would get out of producing them... since like you said... it would cost them more... well, some criminals are actually not very smart... Thanks for the response...
@roniroxas (10576)
• Philippines
1 Nov 08
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
1 person likes this
@aseretdd (13736)
• Philippines
1 Nov 08
Well, he is indeed one good maintenance guy... an all around person that i can always count on... well, i don't think others would really notice that the bills are fake... because people do not really scrutinize 50 and 100 bills... just the bigger ones... but i don't think i will ever use the fake ones that i got... just to be safe... Thanks for the response...