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New extra-secure 100 yuan banknotes go into circulation in China
Megan Eaves
Aug 20, 2019 • 0 min read
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A new ¥100 note was put into circulation in China on Thursday. The new note incorporates security enhancements, such as colour-changing ink on the number 100, an extra serial number and uneven picture patterns, which the People’s Bank of China hopes will deter forgeries.
Counterfeit currency is a major problem in China, where in 2014 police confiscated more than 500 million yuan (US$85 million) in forged banknotes. The bill still retains its iconic portrait of Mao Zedong, who features on all Chinese banknotes. Read more: wsj.com
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