Hold up your paper bills to the light and, depending on the denomination, you will immediately see one or two vertical lines within the banknote. They are there as security features to make it very difficult for counterfeiters to imitate real currency. Likewise, they are there to help you differentiate the counterfeit from the genuine.
Embedded security thread
The embedded security thread is a special thread vertically implanted off center of the note during the manufacture of the banknote paper. This can easily be seen when the note is viewed against the light. It appears as a broken line for 5’s, 10’s and 20’s and straight line for 50’s, 100’s, 200’s , 500’s and 1000’s. Try folding the banknote along this line and you will feel the distinct stiffness of the thread. With some determination, it is also possible to manually remove these threads from the banknotes - but don't do that! It's illegal.
On the photo above, the embedded security thread is the solid vertical line on the left.
Windowed Colorshift with Cleartext Security Thread
This is a 1.4 mm security thread vertically located like “stitches” at the face of the note. It changes in color from magenta to green or green to magenta depending on the angle of view. When viewed against the light, it appears as a single solid line and the corresponding denomination of the banknote will show through. This security feature is only present in the 100s, 500s, and newer 1000-peso bills.
The Bangko Sentral ng Pilipinas (BSP) formally announced that it does not buy coins at prices higher than their face value.
The BSP is most likely referring to the hearsay that it is buying back 10 peso coins allegedly containing gold. One of our anonymous readers claimed that someone even bought his his or her 10 peso coin for 1000 pesos. In sulit.com.ph, the 10 peso coin is also being sold for 1000 pesos.
“The BSP is the sole issuer of currency in the Philippines. It mints and circulates coins in accordance with its mandate to supply the currency requirements of the banking system and sustain economic growth. It determines the different denominations of our money, both banknotes and coins, and the public should accept them at face value, no more, no less,” says the Bangko Sentral media release.
In the same announcement, the BSP also reiterated that defacing/mutilating and the smuggling of Philippine coins “are criminal acts punishable by law under Presidential Decree 247 and BSP Circular 98, Series of 1995 in relation to Section 2530 (f) of the Tariff and Customs Code of the Philippines, as amended.”
Please report any information against these criminal acts to the BSP.