New 100-yuan note to be released
A new 100-yuan bank note, the largest denomination of Chinese currency, will be released on Thursday by the central bank, Xinhua reported.
Part of the fifth set of bank notes introduced by the People’s Bank of China (PBOC) in 1999, the 100-yuan note was last changed in 2005. The old version will stay in circulation, the PBOC said.
The design will stay largely the same as the 2005 series, but the new bank notes are harder to counterfeit and easier for machines to read, Shang Zhiyu from Currency Gold and Silver Bureau under PBOC explained.
Shao Guowei, chief technology officer of China Banknote Printing and Minting Corporation, said the note’s enhanced security features, including optical-variable security thread and value numeral, allow the public to easily identify fakes.