China to adopt new identification standards for yuan notes

07:51, November 03, 2010      

Email | Print | Subscribe | Comments | Forum 

China is preparing to adopt a new standard using more advanced technologies for the identification of its currency, the yuan, beginning in May 2011, officials said Monday.

The mandatory standard, coded GB 16999-2010, has been approved by the General Administration of Quality Supervision, Inspection and Quarantine, the country's top quality watchdog, and the Standardization Administration, sources said.

The new standard includes 12 technological features, the most important being the "real notes only" concept, which only recognizes authentic notes, said Chen Baoshan, a former inspector with the Currency Gold and Silver Bureau under the People's Bank of China, the central bank.

The new standard to be implemented is different and much more strict compared to the previous one, which seeks to memorize the features of various types of counterfeit notes and identify them when they fit those memorized false features, said Gu Zikun, chairman of the Hangzhou-based Tzekwan company who participated in the development of the new standard.

"Even if the notes have only extremely subtle differences, the machines will sound an alarm if they don't totally match the features of authentic notes," said Gu Zikun.

Between January and September this year, 1,2000 fake note-related crimes were investigated in China, as both the frequency and scale of such crimes have been rising in recent years, said Zhang Lingfei, an official with the country's Ministry of Public Security.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion