The New Generation Philippine Banknotes
Counterfeiting money is a big business for criminals. Nearly $70 million of fake currency gets used daily, costing consumers millions. In the present day, there are many new technologies that have been discovered and studied in order to help put counterfeiters out of business. Our currency is something that we must protect, which is why these technologies and discoveries are very important in the safety and development of our economy. The new generation of Philippine banknotes includes new and more advanced technology to ensure the safety of the genuine Philippine banknotes. This is to prevent money counterfeiting in our country. These new features include more advanced photo editing, which features micro printing on the different images and texts on the banknotes, a unique rough texture, a new system of serial numbering, advanced security fibers and security threads, watermark technology, and optically variable ink. These are the most advanced and efficient methods of preventing money counterfeiting today. Provided in this paper is a detailed explanation and description of each security precaution and a detailed review of the methods used to execute them.
II. Denominations of Currency
The new generation Philippine banknotes composes of the denominations twenty, fifty, one hundred, two hundred, five hundred, and one thousand peso bills. The new twenty-piso bill honors President Manuel L. Quezon, the first President of the Republic of the Philippines on the front of the bill while the reverse shows the image of the breathtaking Banaue Rice Teraces and the Palm Civet from the Cordilleras. The fifty-piso bill commemorates President Sergio Osmeña who led our country at the critical stage of World War II. The reverse shows an image of the Taal Lake, one of the world’s smallest active volcanoes and the Maliputo Fish. The one hundred-piso bill pays... [continues]
Cite This Essay
(2013, 02). Anti-Money Counterfeiting Technology. StudyMode.com. Retrieved 02, 2013, from http://www.studymode.com/essays/Anti-Money-Counterfeiting-Technology-1438944.html
"Anti-Money Counterfeiting Technology" StudyMode.com. 02 2013. 02 2013 <http://www.studymode.com/essays/Anti-Money-Counterfeiting-Technology-1438944.html>.
"Anti-Money Counterfeiting Technology." StudyMode.com. 02, 2013. Accessed 02, 2013. http://www.studymode.com/essays/Anti-Money-Counterfeiting-Technology-1438944.html.