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March 15, 2012

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Cops issue alert for fake 100 yuan notes

SHANGHAI police are warning locals to be careful with 100 yuan (US$16) banknotes as cases of high-quality versions of counterfeit currency have been reported in the city again.

The fake notes starting with serial numbers LN37, NW28 and WF66 were first found in south China's Guangxi Zhuang Autonomous Region last November and they were recently discovered in the city, the Shanghai Public Security Bureau said yesterday.

The notes are of much higher quality than those with serial numbers starting with TJ55, which were found in many parts of China last year.

Despite their so-called high quality, however, the notes can be detected with the naked eye or touch, the police said.

"The paper used for real notes is more flexible but tougher and the patterns on the back side are more stereoscopic," a police officer said on his microblog yesterday. Stereoscopy refers to 3D imaging.

The Economic Crime Investigation Department of Shanghai police said yesterday it had busted a gang selling counterfeit banknotes last month but did not disclose details.

Last month, police said they had detained a driver of an illegal taxi for a series of scams where he switched passengers' banknotes with fake ones.

Police have provided some tips to recognize fake notes from the front side:

* The watermark of the real note is very stereoscopic while the fake one's is not.

* The numeral 100 at the lower left corner of the note should turn from green to blue if you look at it from an upright position at a certain angle.

* There are small characters on the safe wire of the paper.


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