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Hey, I just found out something worth knowing. It turns out that in Mexico, there are quite a few counterfeit bills circulating, especially the 500, 100, and 200 peso notes. Basically, the ones we use daily, so anyone can fall for it.
What surprised me is that if you're caught with one, the bank won't reimburse you; they just keep the money. And if you try to use it intentionally, that's a federal crime... up to 12 years in prison. No joke.
Now, identifying a fake bill is easier than it seems. The first thing is to feel the paper: authentic bills have a polymer or cotton texture, not smooth like regular paper. Then, hold it up to the light; the watermark should be clearly visible. If you tilt it, some elements change color. The serial numbers also increase in size.
A tip: if during a quick payment (in transportation, markets, informal businesses) you notice something strange with a bill, check it carefully before proceeding. Some people use special markers or magnifying glasses to detect microtext. If you find out it's fake, don't use it or try to pass it; better take it to the bank and report where it came from.
Basically, identifying a fake bill boils down to: feel it, hold it up to the light, tilt it, and check the reliefs. Simple but effective. Have you ever touched one?