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Tighter security call on forgeries
Source: Xinhua |
January 18, 2009, Sunday
|
Print Edition
Print Edition
THE State Council, China's cabinet, has called for stronger efforts to combat counterfeit bank notes.
The call was made on Friday at a conference attended by representatives of the central bank, the Ministry of Public Security and major domestic banks.
Fake bank notes, most starting with the prefix HD90, have been found in more than 10 provinces, autonomous regions and municipalities this month.
Forged yuan notes have also appeared recently in Hong Kong and Taiwan where police seized fake notes totaling 100 million yuan (US$14.6 million) after smashing a syndicate last week that printed the forged currency.
Police should intensify their crackdown on the making and selling of fake notes, while industrial and commercial administrations and quality supervision authorities should carry on more checks to prevent unqualified banknote identifiers from entering the market, a statement posted on the central bank's Website on Friday said.
Customs and transport authorities should cut off the sales channels of fake notes by intensifying checks on ports and waterways, said the statement.
Despite increased media reports, the central bank insists that reports from domestic financial institutions and police show there has been little increase recently in number of fake yuan notes seized.
"So far, the fight against counterfeiting of the yuan remains normal in China," the bank said.
"The HD fake notes do not have so-called high quality and they are just like other forged currencies."
"They have obvious distinctions and it is not hard to tell them from authentic ones with the naked eye and hands.
"It is safe to deposit or withdraw yuan bank notes through banks," it said.
The call was made on Friday at a conference attended by representatives of the central bank, the Ministry of Public Security and major domestic banks.
Fake bank notes, most starting with the prefix HD90, have been found in more than 10 provinces, autonomous regions and municipalities this month.
Forged yuan notes have also appeared recently in Hong Kong and Taiwan where police seized fake notes totaling 100 million yuan (US$14.6 million) after smashing a syndicate last week that printed the forged currency.
Police should intensify their crackdown on the making and selling of fake notes, while industrial and commercial administrations and quality supervision authorities should carry on more checks to prevent unqualified banknote identifiers from entering the market, a statement posted on the central bank's Website on Friday said.
Customs and transport authorities should cut off the sales channels of fake notes by intensifying checks on ports and waterways, said the statement.
Despite increased media reports, the central bank insists that reports from domestic financial institutions and police show there has been little increase recently in number of fake yuan notes seized.
"So far, the fight against counterfeiting of the yuan remains normal in China," the bank said.
"The HD fake notes do not have so-called high quality and they are just like other forged currencies."
"They have obvious distinctions and it is not hard to tell them from authentic ones with the naked eye and hands.
"It is safe to deposit or withdraw yuan bank notes through banks," it said.
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