China Central Bank issues new note

China Central Bank issues new note

China Central Bank issues new note

Written by Staff Writer

10 Aug, 2015 | 2:11 pm

The People’s Bank of China (PBOC), the central bank, announced on Monday that it would issue a new 100-yuan bank note from November 12.

The new bank note will be harder to counterfeit and easier for machines to read. Part of the fifth set of bank notes introduced by the PBOC in 1999, and it was last changed in 2005.

The design of the new bank note will stay largely the same as the 2005 series but have enhanced security features including colors of the number 100 and patterns at central of the note, the PBOC said. The mark of the year 2005 will be changed to 2015 instead at the back of the note.

The 100-yuan note is the largest denomination of the Chinese currency. The old version of the 100-yuan note will stay in circulation following the new edition, the PBOC added.

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