Related News
Deputy suggests 1,000-yuan notes
Source: Xinhua |
March 13, 2009, Friday
|
Print Edition
Print Edition
A CHINESE lawmaker proposed that the central bank should issue bank notes with nominal values of 500 yuan (US$73) and 1,000 yuan to save social costs.
Currently, the biggest Chinese bank note is worth 100 yuan.
Bigger bank notes would be more convenient and reduce printing costs, said He Daxin, deputy to the National People's Congress.
"With the rapid economic development, it is common for people to pay more than 1,000 yuan in one daily transaction. Chinese people still prefer cash to bank cards in their daily life," the lawmaker said.
He said China could save two thirds of its money-printing costs ?? currently 3 billion yuan each year. "It would be a blessing for taxpayers."
Currently, the biggest Chinese bank note is worth 100 yuan.
Bigger bank notes would be more convenient and reduce printing costs, said He Daxin, deputy to the National People's Congress.
"With the rapid economic development, it is common for people to pay more than 1,000 yuan in one daily transaction. Chinese people still prefer cash to bank cards in their daily life," the lawmaker said.
He said China could save two thirds of its money-printing costs ?? currently 3 billion yuan each year. "It would be a blessing for taxpayers."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
