Fake peso cases drop

Counterfeit Philippine banknotes dropped 18.9 percent in the first six months of 2025 to 5.8 parts per million (ppm) as the Bangko Sentral ng Pilipinas (BSP) ramped up currency security measures.

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According to the BSP's latest discussion paper, the Philippine peso remained a reliable and secure payment instrument in the first semester of the year, as evidenced by consistently low counterfeiting rates, which declined by double digits from 8.1 ppm in the first half of last year.

"Counterfeit coin cases involving the BSP coin series increased, but their incidence remained minimal at below one ppm of genuine coins in circulation," the BSP said, noting that the central bank is protecting the peso through stronger law enforcement cooperation, advanced forensics, stakeholder engagement, and public education.