Can the New Philippine Peso Bills with NoyNoy's Signature be Faked???? . . . YES IT CAN (SEE UPDATE BELOW)

New Peso NoyNoy Peso Bills:  CAN IT BE FAKED?

Back side of New  NoyNoy Peso Bills:  Wrong color of Beak??

  Along with the New Year, 2011 brought in the new Peso bills bearing President NoyNoy Aquino's signature.

While most of the controversy pertaining to the new Peso bills centered on the color of a rare bird's beak and the erroneous geographical distance of some islands  (or was it reefs), nothing much has been said if the new Peso bills are harder to counterfeit than the previous Ninoy/Arrovo bills.

As a small business owner, I cannot help worry a lot about the frequency of fake or counterfeit peso bills in this country.  The teller of one of the country's largest bank told me that not a week goes by that they do not encounter fake or counterfeit Peso bills being deposited by unwitting depositors.  We also have taken hits on fake moneys and all of us had to share in the loss.

  In the lotto business wherein our margin is only P4.75% (or just 47 centavos for every P10 lotto bet), it mean that we have to sell almost P11,000 worth of lotto tickets to recover just one incident of a fake P500 bill (which is the bill that is so prevalent in our area)!!!!!!

We LOST MONEY from getting paid with FAKEs of the above P500 & P100 Peso bills!!

                                    I wish the government or the Bangko Sentral (Central Bank of the Phils) issue to small business owners on what are the new security features of the new NoyNoy Peso bills and how to spot fake or counterfeit Peso bills.

UPDATE 4 AUGUST 2011

The Quezon City Branch of a commercial bank told me that last week, they encountered a P200 NEW BILL that turned out to be fake.  What struck them was the high quality of the workmanship of the fake.  But the fake P200 was discovered as the image on the white portion of the bill was crudely made but still, it was a Good Fake.  BEWARE!!

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