Some Bank Cash Deposit Machine (CDM) would not accept China's new 100-yuan banknote, reported the East Asia Economic and Trade News in the northeastern city of Changchun. China's new 100-yuan banknote, acclaimed by authorities will be harder to counterfeit and easier for machines to read, thanks to its enhanced security features.
A bank executive said it will take several days for all ATMs to be "upgraded" to recognise the new note, it said.
On Thursday, China's central bank, the People's Bank of China, has put into circulation a new version of the 100 Yuan banknote.
The note, retains its overall red colour, with Communist founder Mao Zedong on one side and Beijing's Great Hall of the People on the other.
The main “100” becomes gold, rather red and blue "100" for the previous series, 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.
Apart from the notes rejected by CDM, some residents also complained that supermarkets rejected the bills as counterfeit detection machines consistently sounded alarms when presented with the note, the East Asia Economic and Trade News reported.
"Come back another day if you want to spend it - we dare not to take the note before the verifier gives the nod," the report cited a supermarket employee as saying.
China's issued the first generation of renminbi - literally “people's money” - in December 1948, before completing their takeover of the country.
The newest version was distributed to banks in the capital by 43 armoured cars, escorted by security guards, reported the Mirror.
