The Philippine Onion

Lies and half-truths shall set you free

Posts Tagged ‘alan greenspan’

Faking our way to the First World and beyond

Posted by commiedyan on December 5, 2007

by e-kunomista

As Christmas nears, banks and the Central Bank have been deluged by reports of fake currency in circulation. According to ANC’s Charo Logarta, the Bangko Sentral ng Pilipinas (BSP) normally receives about P100,000 worth of fake bills from commercial banks each month. But what about the fake bills which have thus far not been detected? No one really knows. Before the congressional elections this year, fake P1000, 500, and 100 bills were reported to have been used to buy votes. But so what?

Detecting counterfeit

According to currency experts at the central bank, there is a simple way to ascertain genuine and legal tender with a cheap magnifying glass. Just look under the name Read the rest of this entry »

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