New 100-yuan note to be re­leased

China Daily (Canada) - - NEWS CAPSULE -

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.

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