TOPIC 2 - A SUBTOPIC.pdf

A SUBTOPIC OF CHAPTER 2 PHILIPPINE BANKNOTES: NEW GENERATION CURRENCY SECURITY FEATURES ABITONG, Errish Jake G. Faculty, Financial Management Dept. About the Topic I am quoting from a publication by Bangko Sentral ng Pilipinas entitled, The Bangko Sentral ng Pilipinas’ New Generat...

A SUBTOPIC OF CHAPTER 2 PHILIPPINE BANKNOTES: NEW GENERATION CURRENCY SECURITY FEATURES ABITONG, Errish Jake G. Faculty, Financial Management Dept. About the Topic I am quoting from a publication by Bangko Sentral ng Pilipinas entitled, The Bangko Sentral ng Pilipinas’ New Generation Currency Notes: Safeguarding the Integrity of the Philippine Currency by Maja Gratia L. Malic & Nenette E. Malabrigo. This details the new security features of the new banknotes that help consumers identify counterfeit bills from the real deal.  For greater protection, the NGC notes were provided with four layers of security features: Level I: Security features that the public Level III: The hidden or covert security can easily recognize without the use of features reserved for the use of the the particular instrument. These are the Bangko Sentral. “look, feel, tilt” elements in the notes such as watermark, security thread, security fibers, and others. Level II: Security features recognizable by Level IV: Forensic security features for the professional cash handlers/bank tellers use of law enforcers in testifying whether with the use of a magnifying lens or a banknote is genuine or counterfeit. ultraviolet light. Examples are These are detectable at specialized fluorophosporescent features, security laboratories. fibers, and microprinting.  Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 1. Embossed prints: The embossed or raised print nature of the ink deposition combined with the quality of cotton-based paper gives the traditional banknote a unique tactile effect that makes it the first and the most important line of defense against counterfeiting. This can be felt over the words “REPUBLIKA NG PILIPINAS,” denominational value in text, signatures, and value panels particularly, the one located at the lower right corner of the obverse.  Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 2. Asymmetric Serial Number: Alphanumeric characters at the lower left and upper right corners of the note bearing one or two prefix letters and six to seven digits, with font increasing in size and thickness. Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 5. See-Through Mark: The pre-Hispanic script (Baybayin) at the lower right corner of the face of the note slightly above the value panel. This is seen in complete form only when the note is viewed against the light. This script means “PILIPINO.” OBVERS E REVERSE Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 6. Concealed Value: The denominational value superimposed at the smaller version portrait at the upper left portion of the note. This becomes clearly visible when the note is rotated 45 degrees and slightly tilted. 7. Security Thread (Embedded or Windowed): Embedded thread that runs vertically across the width of 20- and 50- piso notes when viewed against the light. Also, the stitch-like metallic thread on the 100-, 200-, 500- and 1000-piso notes which changes color from red to green and bears the cleartext of “BSP” and the denominational value on the obverse and “BSP” on the reverse, both in repeated series.  Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 8. Optically Variable Device (OVD) Patch: Found only in 500- and 1000-piso notes, this patch is a reflective foil, bearing the image of the Blue-naped parrot for 500-piso/clam with South Sea pearl for 1000-piso, changes color from red to green when the note is rotated 90 degrees. 1000 pesos 500 pesos  Level I: Security features that the public can easily recognize without the use of special instruments. These are the “look,” “feel,” and “tilt” elements in the notes, enumerated below. 9. Optically Variable Ink (OVI): Found only in the 1000-piso note, this embossed denominational value at the lower right corner of the face of the note changes color from green to blue when viewed at different angles. View at 45 degrees View from above  Level II: Security features recognizable by professional cash handlers/bank tellers with the use of a magnifying lens or ultraviolet light. Examples are fluorophosporescent features, security fibers, and microprinting. THANK YOU