Several small business owners and local vendors in Bais City, Negros Oriental, have reportedly received counterfeit P1,000 bills, prompting the police to warn the public to carefully check cash payments.
Bais City police said several incidents involving fake P1,000 bills have been recorded in the city.
Authorities particularly advised market vendors, sari-sari store owners and other small businesses to remain vigilant when accepting large-denomination bills.
Police said the reported modus involves buying low-priced items and paying with a P1,000 bill while rushing or distracting the seller to prevent them from thoroughly checking the money.
Bais police reminded vendors to inspect the security features of P1,000 banknotes before accepting them.
Among the features cited by police are holographic markings, color-shifting elements, intaglio printing, ultraviolet features and serial numbers that increase in size.
Police also said genuine banknotes have raised or embossed portions that can be felt on elements such as the main portrait, signatures and the words “Republika ng Pilipinas.”
Authorities urged anyone who encounters suspected counterfeit money to immediately report the incident to police and avoid passing the bill to another person.*
[sibwp_form id=1]