BMGT 27- Methods of Research
Presented to
Sir Gener T. Cueno
College of Economics, Management, and Development Studies
Cavite State University
Indang, Cavite
By
Charmaine Kayle B. Lopez
BSBM FM3-2
March 19, 2014
INTRODUCTION
Counterfeit money is currency created to imitate a government produced currency. It is generally designed to look like real money and to convince others that it is legitimate currency. Sometimes, counterfeit money is produced to purchase items or services, but at other times, it is created in an attempt to cause inflation. Modern counterfeit money is generally made to look like banknotes. As technology has evolved, more realistic imitations of money have become possible through the use of digital graphics. Since most money is printed on material that is not available for public sale, the development of commercial printers has also allowed forgers to mimic the texture of real currency. (http://www.wisegeek.com)
According to Ignacio Bunye (2013), during holidays and special days, the producer of counterfeit money becomes more active than ever. Why? Because there is an increasing demand for cash as people purchase goods and services for their celebrations. Many Filipinos give away cash inserted in red Chinese envelope as gifts. New bills can easily send happiness to children asking for “Aguinaldo”. The question is “Do you know that the money you gave is real?”
According to Tempo (2013), fake P1,000 and P500 bills continued to circulate in Cavite province. This was proven on November 30th with the arrest by police of a man and a woman who were found possessing alleged counterfeit P1,000 and P500 bills after they reportedly gypped a store operator with a fake bill in upland Silang municipality. The two suspects were identified and with the arrest of the suspects, the Cavite