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Thursday, November 12, 2015

China Launches New 'Harder to Fake' 100 Yuan Note

China Launches New 'Harder to Fake' 100 Yuan Note 

China Thursday Nov 12,2015  put into circulation a new version of its 100-yuan banknote the highest denomination available in the world's second-largest economy with added golden touches that the government said was harder to forge.

The note, worth just under $16, retains its overall red colour, with Communist founder Mao Zedong on one side and Beijing's Great Hall of the People on the other.

But the main "100" becomes gold, rather than red and blue, prompting some Chinese media to dub it the "tuhao jin" note, or "high-roller gold".
More security features were added, including widening the security strip, to make it "easier for machines to read" and "more convenient for the public to distinguish the authentic notes from the fakery", the central People's Bank of China (PBOC) said previously.

Counterfeiting is rampant in China with the country's own currency no exception, despite numerous crackdowns by authorities.

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