SME Community - Planters Development Bank

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money tips Money, money, money! Without looking, can you name the three figures on a 1000-peso bill? If you answered Tito, Vic and Joey then you really need to read on! The Bangko Sentral ng Pilipinas (BSP), under former chairman Rafael Buenaventura, published a pamphlet entitled ‘Know Your Philippine Currency.” This was designed to help the public recognize genuine Philippine currency and guard against counterfeit bills. All business establishments accepting cash should try to get a copy. Here are some tips condensed from the pamphlet. Paper. Genuine notes are printed on special paper that is rough to the touch. It does not glow under ultra-violet light. During paper manufacture, the watermark, security fibers, security threads and iridescent band are included. Watermark (a). The watermark appears on the unprinted portion of the note. It is a silhouette of the portrait appearing on the face of the note. Sharp details can be seen when the note is viewed against the light. Security fibers. Red and blue security fibers are scattered on both surfaces of the note. These can be picked off by a pointed instrument. Security threads. There are two kinds of security threads. The embedded security thread (b) is implanted during paper manufacture and can be seen when the note is viewed against the light. It appears as a broken line for 5’s, 10’s and 20’s and as a straight line for 50’s, 100’s, 200’s, 500’s and 1000’s. The windowed security thread (c) appears on the improved version of 100’s, 500’s and 1000’s and the new 200’s. It appears like stitches vertically across the face of the note. Upon closer inspection, these contain the numerical value of the note and change in color from magenta to green depending on the angle of view. Iridescent band (d). The iridescent band is clearly visible when viewed at an angle. It appears as a wide, glistening gold vertical stripe with numerical values and appears in the 2001 and the later series of 100 - peso, 500 - peso and 1000 - peso notes and the new 200 - peso notes. Portrait (e). The portrait appears lifelike, with eyes that “sparkle”. Fine lines form shadings that give the portrait a characteristic facial expression that is extremely difficult to replicate. Serial number (f). The serial number is composed of one or two prefix letters and six or seven digits. The letters and numbers are uniform in size and thickness, evenly spaced and well aligned, and glow under ultraviolet light. Background/lacework design (g). The background and lacework designs are made up of multicoloured and well defined, sharp lines. Vignette (h). The vignette refers to the images on the back design of the note. Its lines and dashes are fine, distinct and sharp. Its varying color gives a vivid look to the picture. Value panel (i). The value panel contains the numerals found at the four corners of the front and back of the note, denoting its denomination. Color. Recognize the predominant color of each denomination: 1000 – blue, 500 – yellow, 200 – green, 100 – mauve, 50 – red, 20 – orange, 10 – brown, and 5 – green. Fluorescent printing (j). The fluorescent print is the invisible numerical value located off center of the face of the note. It glows when exposed to ultraviolet light. 20 / sme.com.ph
money tips Microprinting (k). For the 50-peso and larger denominated notes, the words “Bangko Sentral ng Pilipinas” or “Central <strong>Bank</strong> of the Philippines” are printed very minutely on the face or back of the note. This microprinting is clearly readable under a magnifying lens. Concealed value (l). The 500-peso note contains a concealed value located at the lower left corner of the face of the note. This is recognizable when the note is held at eye level. Optically variable ink (m). Optically variable ink was used on the 1000-peso denomination. It changes color from green to blue or blue to green when the note is held at different angles. Coins. More recently, BSP Governor Amando Tetangco Jr. issued a memorandum to all banks regarding counterfeit 5- and 10-peso coins. Fake 10-peso coins have the following characteristics: magnetic, details of portrait not well defined, coarse metallic grain, rough and sharp edge on the reverse. Bogus 5-peso coins: details of the portrait is not well defined and BSP logo design at the reverse is “puffy or bloated”. The memo urges banks to report any incidence of counterfeit coins to the nearest BSP regional office. 1000-peso banknote / front Portrait (e) Embedded Security Thread (b) Serial Number (f) Watermark (a) Background/ Lacework Design (g) Optically Variable Ink (m) Microprinting (k) Iridescent Band (d) Flourescent Printing (j) Windowed Security Thread (c) 1000-peso banknote / back Watermark (a) Vignette (h) vol. 2 issue 1 2007 / 21
Page 1: SME Community Philippines A special
Page 4 and 5: hotline Plantersbank Chairman opens
Page 6 and 7: hotline Plantersbank aids Cagraray
Page 8 and 9: cover story Diamonds in the Blood B
Page 10 and 11: cover story In 1998, the company la
Page 12 and 13: features Gerry Bote Anthurium King
Page 14 and 15: features “All our plants come fro
Page 16 and 17: sme focus Express your thoughts! By
Page 18 and 19: sme focus why. Females do the gift-
Page 20 and 21: marketing Photos by Shutterstock/Ja
Page 24 and 25: technology BLOGGING…… By Alex P
Page 26: ook review GETRICHER WITH “THE 48

SME Community - Planters Development Bank

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