BSP stresses importance of public vigilance in counterfeit detection

Following the recent Philippine general election, the Bangko Sentral ng Pilipinas (BSP) is warning the public to be “extra vigilant” against counterfeit banknotes.

Leonides B. Sumbi, BSP director, said people should understand the distinguishing features of the New Generation Currency (NGC) banknotes, especially the embossed print that she claimed “cannot be replicated.” She said to “immediately look” for the Republic of Philippine seal and feel the embossed print.

“If it’s embossed, that’s genuine,” she said, adding other security features include visible and embedded security fibers, an ascending serial number and watermarks (when viewed in light, the note’s denomination and transparent inscription “Pilipino” are seen).

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