How to detect fake Philippine peso bills

Posted at Mar 05 2013 02:50 PM | Updated as of Mar 06 2013 08:15 PM

Watch also in iWant or

MANILA, Philippines - How can one tell if a Philippine peso bill is fake or not?

Maja Gratia Malic, head of currency analysis and redemption division of the Bangko Sentral ng Pilipinas, gives consumers some tips on how to detect counterfeit Philippine peso bills.

In an interview with DZMM's Korina Sanchez, Malic said one should carefully look at the peso bill to check if the print and colors are clear, as well as to feel the paper to tell if it's fake or not. A sign that a peso note is fake is if it's too smooth.

One should also look at the optically variable device (OVD) patch, a reflective foil on the P500 and P1,000 peso notes. The OVD patch changes color as you tilt the peso bill at a 90 degree angle.

Another way to tell if the P500 bill is fake is by running a nail over the hair strands of Cory and Ninoy Aquino, which will feel a bit rough.

One can also find embossed dots that designate their respective denomination on the peso bills as a "code for the blind."

DZMM Rated Korina, March 5, 2013