Get ready for the new issue 100 yuan bills, coming your way this November with colour-changing strips and additional serial numbers.
As part of improved counterfeiting measures, the People’s Bank of China is printing new designs, which will be the first update to PRC currency since 2005.
The face value of seized counterfeit money on the mainland rose from 329 million yuan (HK$410.million) in 2012 to 532 million yuan last year, reports the South China Morning Post.
Don’t pitch your standards too high though, the design won’t be altered drastically and Mao remains front-and-slightly-off-center smiling. However, you may somewhat enjoy the new colour-changing ink applied to the bill, which will transition from golden to green when adjusted at the right angle.
“In light of soaring inflation, I’m more interested in seeing banknotes in larger denominations, say 500 yuan, so I don’t have to walk around with a thick wad of 100 yuan bills that can’t fit into a man’s wallet, ” Guangzhou-based marketing executive Mars Ma said in the SCMP report, echoing a common complaint among people in China.
We wish we had that problem.
by Dan Cunningham