|Why is Ninoy sad? IS IT BECAUSE THERE ARE SO MANY FAKE Php Peso 500 bills ?(courtesy of feudart,com)|
Today, I came across an article in the Manila Bulleting under the byline of Ms Charissa M. Luci. A Philippine Congress House Leader, Iloilo Representative Jerry Trenas, House Committee chairman on Good Government and Public Accountability "is proposing the maximum penalty for people caught selling, distributing and manufacturing spurious currencies."
The article also states that said Iloilo Rep Trenas "asked colleagues in Congress to ensure that the selling, distirbution and manufacturing of fake currencies be stopped."
The article further states that the Iloilo Rep Trenas cited "criminal elements have been victimizing banks and other lending institutions. . . "
The article also wrote about the Iloilo Rep Trenas urged local government officials, business establishments and organizations . . . to work hand in hand to put a halt to the spread of fake bills."
THE PROBLEM IS NOT THE LACK OF LAWS BUT RATHER, OF IMPLEMENTATION.
While the article talks about big companies like banks and lending institutions getting victimized, WHAT ABOUT MICRO BUSINESSES SUCH AS A LOTTO AGENT WHO ALSO GET VICTIMIZED?
THE PROLIFERATION OF FAKE MONEY WILL NOT GET SOLVED BECAUSE OF THE WAY THE LAW IS IMPLEMENTED.
Here is an example:
A lotto operator notices a fake P500 bill being passed on by a Fake Money passer. Even if the lotto operator identifies the Fake Money passer, nothing will happen to the Fake Money passer. To get the Fake Money Passer arrested, the police will require a complainant to file a criminal case in the Courts and there lies the problem:
1. For P500, the complainant will have to hire a lawyer, pay the lawyer's and court fees. It will cost him more than the P500.
2. The lotto agent and operator will lose time attending to the court case as court cases take ages to settle.
3. The complainant will FEAR FOR HIS LIFE as the Fake MOney Passer may be supported by hordes of criminal gangs.
The point is, WHY IS A COMPLAINANT NEEDED WHEN THE FAKE MONEY PASSER WAS CAUGHT IN THE ACT BY MALL SECURITY OR THE POLICE?
And since the Fake Money Passer knows this, THE COUNTERFEIT MONEY PASSER HAS NOTHING TO FEAR.
By the way, the QUALITY OF COUNTERFEIT OR FAKE MONEY IS PRETTY GOOD, in my humble layman opinion:
1. In the old design, putting the fake or counterfeit money under the UV Light/Money detector will cause the amount in figures to glow, JUST LIKE THE REAL ONE.
2. A few months after the Philippine Peso New Design came out, the Fake Money version was reportedly coming out too, according to my customers.
AND DO YOU KNOW THE ONE THING THAT THE FAKE OR COUNTERFEIT MONEY PASSERS HAVE TO BE THANKFUL FOR?
The Banko Sentral ng Pilipinas (Philippine Central Bank) poster showing the security feature of the new Peso bills can only be seen in banks tucked away in a corner of the bank that nobody ever gets to notice. HENCE, THE FAKE MONEY PASSERS ARE SAFE IN THE KNOWLEDGE THAT THE GENERAL PUBLIC (Who also happens to be the GENERAL VICTIMS) will never know how to tell the fake from the real Philippine peso bill.
Hay!!!!!! Poor micro businessman. Poor Pilipino.
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