The U.S. government estimates that less than 1/100 of 1 percent of U.S. paper currency in circulation is counterfeit. Considering recent advances in printing technology and the obviously vast incentive to counterfeit bills, that's a pretty small number. In part, that's because the U.S. Secret Service thoroughly investigates all reported counterfeiting cases, and because there are harsh criminal penalties for counterfeiting or passing fake bills. Perhaps more than anything, though, counterfeiting is difficult because of the bills' security features, which are hard to reproduce but easy to use to verify your money's authenticity.
Showing posts with label Finance and Business. Show all posts
Showing posts with label Finance and Business. Show all posts
Sunday, April 24, 2011
How to Detect Fake Peso Bills
Have you ever been in a situation wherein you were paid or given a change that happened to be a fake peso bill? Pretty sure, it’s an awful situation, especially if it’s a large bill, and you can’t do anything about it.
One way to prevent this from happening is to confirm before paying that the cash you are using is indeed not fake. For you to do this, below is a good guide in determining if your currency is fake or not. Information was
provided by the Bangko Sentral ng Pilipinas.
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