China
        

Economy

China seizes fake bank notes worth of $51 m in 2010

Updated: 2011-01-19 07:19

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's central bank said Tuesday that it seized fake bank notes worth 338 million yuan ($51.2 million) in 2010, 46 percent less than a year ago.

Related readings:
China seizes fake bank notes worth of $51 m in 2010 16 prosecuted for fake money worth $24 million
China seizes fake bank notes worth of $51 m in 2010 Fake money crime has new judicial interpretation
China seizes fake bank notes worth of $51 m in 2010 Counterfeit money-related crimes down in first 9 months
China seizes fake bank notes worth of $51 m in 2010 Fake money haunts small businesses in US

Of the total fake bills, 100 yuan bank notes took up 71.5 percent, and the 10 yuan notes accounted for 11.4 percent. A total of 5.74 million yuan of fake coins were napped, down 52 percent year on year, said Ma Delun, deputy governor of the People's Bank of China (PBOC).

The circulation of fake bank notes dropped remarkably in 2010, Ma said at an anti-fake money exhibition held in Beijing.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection