The old version of the bills will still be used, but will gradually be released from trafficking, said China’s Central Bank. They added that a new version of the banknote will be harder to forge, and ATMs will be easier to read.
BEIJING, 12 Nov. Zhanna Manukyan. China’s Central Bank on Thursday put into circulation more secure from counterfeiting the banknote 100 yuan (just over 1,000 rubles).
A new version of the banknote, which is the largest appreciated in China, will be harder to forge, and ATMs will be easier to read, writes the Xinhua news Agency.
Previously, the Central Bank of China announced that the manufacturers should upgrade their equipment for cash, so that it can recognize the new bill.
The old version of the bills will still be used, but will be released gradually from circulation.
Police investigating China each year about thousands of crimes related to counterfeit money. In 2014 the total value of fakes seized amounted to 532 million yuan (5,39 billion rubles).