国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

PBOC denies existence of undetectable fake money

(Xinhua)
Updated: 2009-01-16 11:44

The People's Bank of China (PBOC) on Thursday denied reports of new counterfeit banknotes that can fool poor quality cash scanners.

Media reports said that high-quality counterfeit notes, mostly with serial numbers starting "HD90", had been detected in more than 10 cities.

However, a PBOC spokesman said the so-called high-quality counterfeits bore obvious fake features. "The paper quality, watermark and magnetic security line are obviously different from genuine notes. You can identify them from the feel and look of the notes," he said.

Counterfeit detectors at banks and ATMs could easily detect them, so it was safe to withdraw and deposit money, he said.

He also denied the amount of counterfeit money in circulation had increased sharply.

The amount of fake money detected by financial institutions and police was not substantially higher than usual and the situation remained "normal", he said.

Under Chinese law, people who intentionally hold or use counterfeit currency can face up to 10 years in prison.

A 34-year-old Chinese farmer was sentenced 10 months in prison and fined 15,000 yuan ($2,206) on Tuesday for using 55 counterfeit notes with a 100-yuan face value in a jewelry shop in Shanghai.