China to get new counterfeit-proof banknote

From November, China will have a new ¥100 banknote. The People’s Bank of China has announced it will issue a new ¥100 note with enhanced security features to safeguard against counterfeiting.

Flag of the People's Republic of China.

Flag of the People's Republic of China. Image by Philip Jägenstedt / CC BY 2.0

The ¥100 note is the largest of China’s banknotes and is particularly susceptible to counterfeiting. In 2014 alone, 532 million yuan in counterfeit money was confiscated in China. The bank hopes the new notes, which have additional security measures, will help prevent counterfeiting. The new notes will come into use from 12 November, though the old notes will remain in circulation, as well. Read more: 

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