Philippines police remind the foreign tourists beware of counterfeit money

PhilippinesPolice reminds 19 days to PhilippinesTravelingForeigners resort of Boracay of Philippines Peso currency, lest suffer economic losses.

Boracay's director of the Philippine central Ackland provincial police chief Cornelius Defensor said, the police last weekend in Boracay arrested 9 gang members were seized counterfeit money, the par value of 500 pesos (about 74 yuan) and 1000 pesos (about 147 yuan), the total value of 89000 pesos (about 13000 yuan) of counterfeit money.

Defensor said, one of the suspects arrested in the shopping mall in Boracay, the police searched from him 10 pieces of 1000 false coin. The suspect admit, police arrested 8 other suspects in an apartment.

Said Defensor, seized fake Peso has submitted to the Central Bank of Philippines for further investigation, the police are investigating the source of counterfeit money. (Wei-bing tan)

Source: xinhuanet.com