NBI seized fake bills

The National Bureau of Investigation (NBI) on Thursday confiscated P1 million worth of fake bills in Pasay City that would have been part of a campaign fund for the 2010 polls.Radio dzBB’s Carlo Mateo said NBI agents arrested two men – identified as Armando Baluyot Tiangson and Fulgencio Badabas – after being caught in possession of fake P1,000 and P500 bills in an establishment along F.B. Harrison Street.The report quoted NBI director Nestor Mantaring as saying his agents had already seized the machines that the suspects used in churning out the counterfeit money.Banko Sentral ng Pilipinas officials who came along with the NBI agents said the...

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Anti-counterfeit Campaign: BSP Revised Reward System "Bayani ka na, magkakapera ka pa!"

The BSP Reward System, launch Anti-Counterfeiting campaign that, encourages the populace to furnish information on person/groups responsible for the manufacture/passing of counterfeits. This nefarious activity can be more effectively suppressed with the cooperation of the public.There is a Committee on Rewards who shall determine the amount of reward in accordance with certain rules and regulation as approved by the Monetary Board.Any person who voluntarily gives definite and sworn information leading to the the arrest/prosecution of a person or group of persons engaged in counterfeiting/passing of Philippine notes and coins or foreign notes...

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Fake vs. Authentic: Why do Contemporary Fakes Sell More?

If you are going to check Ebay and type the word “contemporary counterfeit” under the category of “coins and banknote", you’ll be amazed to see how counterfeit coins and banknote are doing well. For the new collectors, it seems odd that sometimes fakes are more expensive than the original. Well, I myself collect fake coins and banknote and I consider these materials as pieces of history. For example you’ll be amazed to know that there are very interesting stories behind these unusual materials. Recently, I have added to my collection several Five Pesos that were counterfeited by a Taiwanese syndicate. I have catalogued several specimen and...

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