By Ferliza C. Contratista
Wednesday 3rd of July 2013
CEBU CITY, July 3 (PIA) -- “Crumpling your money is not a test of its authenticity.â€
This was the statement of Hazel Arante, Bangko Sentral ng Pilipinas Bank Officer, in a recent Kapihan sa PIA forum.
Arante said it is the usual practice among Filipinos to crumple in their fist a banknote or bill when trying to test whether it is fake or not.
“Abtik kaayo ta nga mukumot dayon sa kuarta papel kay lageh og di mubukad fake (We are so quick in crumpling in our fist the paper money assuming that when it does not open back it is a fake),†Arante said.
Unfortunately, Arante said, this practice is not only futile but it is also making the banknote unfit.
She however assured that the New Generation Currency (NGC) banknotes which are now being distributed massively since 2010, has been upgraded with various security measures to prove its authenticity.
“In fact, our NGC series has been awarded Best in Security Features from among other currencies worldwide,†Arante said.
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