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First Fake RMB 100 Note from New Series Discovered

First Fake RMB 100 Note from New Series Discovered CRCCAsiaBeijing
2016-04-19
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导读:The People’s Bank of China (PBOC) released the new ver

The People’s Bank of China (PBOC) released the new version of the 100 yuan note on November 12, 2015. However, counterfeiters are already catching on to some of the note's revamped tricks. Government officials have since explained why the new bills were needed and how they're an improvement over the previous version.


“The note's enhanced security features, including an optical-variable security thread and value numerals, allow the public to easily identify fake items," said Shao Guowei, chief technology officer of China Banknote Printing and Minting Corporation, which manufactures China's currency. The old 100 yuan notes remain in circulation.


But just two weeks ago, a customer went to deposit RMB 19,000 cash in a Zhejiang province bank and it was at this time the very first fake 100 yuan note from the new series, with the serial number “QA36414810" was discovered, gmw.cn reported March 22.


When withdrawing cash from banks, either at the ATM or at the counter, be sure to inspect bills before leaving, as fake bills are occasionally dispensed from banks themselves. For particularly large withdrawals, be sure to inspect notes in the presence of bank staff, so that any dispute over the authenticity of notes can be resolved on the spot.


Please follow this link to see how to tell the difference between real and fake notes http://www.thebeijinger.com/blog/2016/04/07/peek-new-100-yuan-note


Source: thebeijinger.com Apr 7, 2016

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