THE Bangko Sentral ng Pilipinas (BSP) encourages the public to check banknotes for authenticity on a regular basis using the "feel, look, tilt" method to avoid counterfeiting.

"Should a banknote dispensed by an ATM (automated teller machine) be suspected as a counterfeit, the holder is advised to immediately report it to the bank that owns the machine," it said in a statement on Tuesday.

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