Last year, new peso bills are closely circulated in a few place here in Metro Manila, yet today, it is already imitated or counterfeited.
The new peso bill have now counterfeit versions which makes public more concerned about what does the real new peso bill looks like.
In some reports came from the Authorities, they said that they have found P20, P50, and P100 bills that are obviously fake since they look photocopied.
Still, the Bangko Sentral ng Pilipinas (BSP) is very much confident that the public can tell the original and fake bills apart.
In a report BSP have added that the new genuine bills have various security features, such as security threads and watermarks.
Maja Garcia Malic, cash department manager of the BSP said, “It’s not that alarming. Very dull ang pagkaka-kopya.”
Meanwhile, having a counterfeit money, many fake products have also made their rounds in the country.
Apparently, The IPO or the Intellectual Property Office have studied some products and was said that the products from French brand Louis Vuitton rank as the top pirated goods in the Philippines.
Given a list of the most imitated brands in the country today, 10 brands and products are given on top such as Lacoste, Oakley, Tribal, Jag, computer software, and ink cartridges.
As it is estimated, from January ’til May this year, 1.8 million imitated products that is amounting to P1.71 billion have been confiscated by authorities.
Seems like people will do everything just to have money.