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Govt plans new 100-yuan note that will be harder to fake

Govt plans new 100-yuan note that will be harder to fake

August 11,2015
BEIJING - The People's Bank of China (PBOC), the central bankannounced it would issue anew 100-yuan bank note from Nov 12 on Monday.

The new bank note will be harder to counterfeit and easier for machines to readPart of the fifthset of bank notes introduced by the PBOC in 1999, it was last changed in 2005.

The design of the new bank note will stay largely the same as the the 2005 series but haveenhanced security featuresthe PBOC said.

The 100-yuan note is the largest denomination of the Chinese currencyThe old version of the100-yuan note will stay in circulation following the new editionthe PBOC added.


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