Fake =P= 1,000 Bills in ATM??

[grabehbebe]

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BSP cautions public vs counterfeit money

The Bangko Sentral ng Pilipinas cautioned the public yesterday against counterfeit money, warning that counterfeiters might take advantage of the Christmas holiday.

In a joint press conference at Camp Crame yesterday, Grace Malic, currency expert of BSP, urged the public to check their money thoroughly.

"We have to be very careful because usually during the Christmas shopping rush, we do not have much time to examine the money," she said.

The advise came days after counterfeit coins have started circulating. Malic urged people to look for the so-called "security thread" used to spot genuine bills from fakes. On the other hand, magnets may be used to spot counterfeit coins because of their steel content.

"We also would like to clarify that there are coins that could be attracted to a magnet. These are five-centavo coins and 25-centavo coins. The public should be informed that only the P5 and P10 coins are not attracted to magnets," she said.

But Malic emphasized that the circulation of fake bills and coins is not rampant as initially believed. About 1,000 pieces of counterfeit P10 coins have so far been discovered by authorities, she said.

The BSP has been working closely with the police to determine whether the fake coins are being made locally or abroad following the arrest of a Filipino-Chinese suspect and two Taiwanese nationals suspected of producing counterfeit coins.

Malic said that the BSP has started offering rewards of up to P325,000 for information that would lead to the counterfeiters and their distributors.

"The informant should issue a sworn statement so that we could go after the counterfeiters. They would then be awarded on a point system," she said.

Counterfeiting, mutilation and destruction of Philippine currency are punishable by fines and imprisonment under the Revised Penal Code.

This act I think is uncontrollable, unless the public will be strict on it. Let be vigilant about it ot else it will later on create another problem.

[baboy]

g switch 2 sa gasoline boy...

[Rance]

Btw, asa to nga gasoline station? para ma caution ang uban. Thanks

[kevenn31]

grrrr....ako mama ge taga an ug 1000 sa ako cozn gkan sa bank...
nya ge papalit syag tambal sa generic pharmacy atbang sa oriente...
ana ang tindira nga walay sensiyo..tapos naai concern nga taw...iya ge sensyo-an ang 1k sa ako mama 2 ka 500 ...tapos iya ge palit ang 500 sa tindira ...ana gihapon ang tindira wa gihapoy sensiyo..
ge uli sa ako mama ang duha ka 500...

pila sa adlaw nangadto mig upon..sa mercado...para mo palit ug mineral water 1liter kai mangaligo mi..
pag bayad sa ako mama ni ana dayun ang tindira nga "mam ..pwede raba ka madakpan ani!"
ako mama na shock..iya ge yaw yawan ang tindira...
wa gud mi kabaw fake di toh...
grrrrrrrrrrrr

Duda sa ako mama
1.Bank
2.Naay Sindikato sa Generic pharmacy (colon)

[David Garcia]

I don't think that banks are using fake money per se.. sometimes banks don't deposit their day's transactions to Central Bank and instead use them in loading their ATM's and this is where the problem lies. what if it was a newbie cashier who got duped by a fake bill? and the branch's cashier failed to notice the same fake bill and loaded that in their ATM... see the logic? whereas if the bills bank employees use to reload ATMs came straight from Central Bank, cases of these stuff happening would be "minimal". I used the word "minimal" 'coz even the CB's sytem isn't fail-safe, there are still tendencies of "human error" happening.

I agree. Human error always happen particularly in a busy branch or if their officer (e.g. Manager, operation officer) is not supportive or helpful to their staffs.

[queenston]

kuyawa noh?=c
hahay myta ma stop ni euy. salig au ko sa akng bank..
nganu naa pmn jd fake euy
bati kaau ky wa cla kbaw unsa ta kakapoy para ma earn na ang money nya fake ra diay.

[semahj]

kakuyaw sad ani wui....dili man sad siguro intention sa bank ang mag-sulod ug fake nga money.. sayop lang guro nila is wala nila gi scan ang ilang kwarta nga ilang i-sulod sa machine kung fake bah or dili...

[orochimaru700]

atm fake money = 101% not possible..

ako papa is Auditor sa Bangko Sentral for 18 years na, ga cash examination pa gani sila,

dli gyud na molusot ang fake peso bill sa atm... believe me...

[miyay]

duda ko sa gasoline boy

bias ko kay taga bank ko
lisod man malutsan og fake bills ang mga cash handlers twice, first sa teller, dayon katong magload sa atm ...

[juleskiboi]

atm fake money = 101% not possible..

ako papa is Auditor sa Bangko Sentral for 18 years na, ga cash examination pa gani sila,

dli gyud na molusot ang fake peso bill sa atm... believe me...

possible switch jd guro to bro...

i think it'd help us the next time we pay large amounts (1000, 500 or bisan 100 apil) to some establishments, tan-aw jd ta sa nidawat/cashier nga wala gi ilis2 ang ato bill...kay lisod kaau ipasangil nga gi-switch ang imo real money then balikon lang ka to tell you that fake imong gihatag...after all, wala man pd kawatan muangkon dba?

ang lisod2 lang ani pd kung naa ka sa mga restaurants nga imu ibutang imo money sa kana bitaw ila bill wallet then mag huwat ka sa sukli? hay paets kakuyaw, dghana na jd mangingilad...