On Monday, the People's Bank of China (PBOC) released a handout photo for China new 100-yuan banknotes. The new changes for the biggest note in circulation in China is part of an effort to thwart increasingly active–and sophisticated–counterfeiters.
PBOC announced it would issue a new 100-yuan banknote in early November this year. The design of the new banknote will stay the same as the the 2005 series but have enhanced security features.
PBOC said the note’s design had been updated so it could be more easily identified by vending machines and automatic teller machines.
Chinese police confiscated 532 million yuan ($85.6 million) in fake bills in 2014, up about 25% from a year earlier, according to the state-run Xinhua News Agency, which cited data from the Ministry of Public Security. Counterfeiting problems for the current 100 yuan keep on continuing despite many efforts to protect the currency.
Color-change ink technology will be applied to the number “100” at the center of the note so that the color will shift between gold and green, depending on the angle of view. Increased levels of technology will also make it easier for ATMs to read bills and spot the fake ones, the central bank said.
New notes will feature additional serial numbers on the right-hand side to ensure they are still identifiable even if the serial number on the left has worn off.
Other new features include a security line on the right of the bill, which will change from hot pink to green when the viewing angle is adjusted, and a textured pattern across the image of the Great Hall of the People on the back of the note.
The image of Mao Zedong will remain.
Source: Xinhua News Agency
