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Fight against fake money turns real

[ 2009-10-13 11:46]     字号 [] [] []  
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The Ministry of Public Security will reopen a department to fight the growth of fake bank notes across the country.

The ministry will also allocate 10 million yuan ($1.6 million) to fund major investigations into fake notes and provide rewards for tips and outstanding police officers.

China launched the nationwide crackdown after a number of "highly-realistic" notes created panic in some cities early this year.

Jing Bo, an art editor in Chaoyang district of Beijing, was recently faked out by two 100-yuan notes with serial numbers TJ55 and HB90. The latter was a serial number found in more than 10 provinces and municipalities.

"I wasn't aware of getting the fake notes. The first one was change from a store and the other one was given by a taxi driver," he told China Daily yesterday.

Police said the fakes are hard to distinguish from real bills, but officials from the People's Bank of China say that as long as people look carefully, fake notes can be discovered by naked eyes.

Vice-Minister of Public Security Liu Jinguo told a television conference that the crackdown will concentrate on Guangdong, a province where more than half of the fakes are produced and seized. A professional team comprised of police from major counterfeiting areas including Henan, Hunan, Anhui and Zhejiang provinces will be set up.

Figures released by the ministry yesterday show that police across the country seized fake notes with a face value of 810 million yuan in nearly 2,200 cases since a crackdown started in January.

More than 4,100 suspects have been arrested for making and selling counterfeit notes, including 233 fugitives who had been at large for more than a decade, figures released over the weekend showed.

Police say the risk of being handed bogus notes is spreading from 100-yuan notes to smaller bills including 50s and 20s, which are more difficult to distinguish. The number of counterfeit smaller denomination bills seized by police so far this year has increased six-fold since 2005.

The People's Bank of China, the central bank, yesterday also issued a notice with the ministry urging financial agencies to report fake notes worth more than 500 yuan to police immediately and report fake notes worth 200 yuan within the day. Police are required to probe the case without delay.

A press officer with the ministry reached by China Daily yesterday would not explain when the department on fake money was shut down, but said the decision to reopen it was designed to "intensify the current campaign against fake notes".


1. What 100-yuan note serial number was found in more than 10 provinces and municipalities?

2. What province will the crackdown on fake notes be concentrated on?

3. Which fake bills are more difficult to distinguish?


1. HB90.

2. Guangdong.

3. 50s and 20s.

(英语点津 Helen 编辑)

Fight against fake money turns real

About the broadcaster:

Fight against fake money turns real

Nancy Matos is a foreign expert at China Daily Website. Born and raised in Vancouver, Canada, Nancy is a graduate of the Broadcast Journalism and Media program at the British Columbia Institute of Technology. Her journalism career in broadcast and print has taken her around the world from New York to Portugal and now Beijing. Nancy is happy to make the move to China and join the China Daily team.