China to issue new 100-yuan bank note

Beijing, Aug 10 (IANS) The People’s Bank of China (PBOC) on Monday announced that it would issue a new 100-yuan bank note from November 12, a media report said.

The new bank note will be harder to counterfeit and easier for machines to read, the Global Times reported.

Part of the fifth set of bank notes introduced by PBOC in 1999, it was last changed in 2005.

The design of the new bank note will remain largely the same as the 2005 series but it will have enhanced security features, PBOC said.

The 100-yuan note is the largest denomination of the Chinese currency.

The old version of the 100-yuan note will also remain in circulation after the new edition is issued, PBOC added.

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