Trade & Investment

Chinese currency: New RMB 100 banknotes are coming!

Updated: 2015-08-12
Share this news?...Click box   Bookmark and Share
Read more on: Chinese currency   new RMB 100 banknotes  
New RMB100 banknote
 

Current RMB100 banknote
     
China gave the world a glimpse of its new 100-yuan banknotes on Monday as part of an effort to thwart increasingly active and sophisticated counterfeiters.

The updated version of the 100 yuan banknote will be introduced on November 12. There will be no changes to the color and design of the new RMB 100 banknotes. The new banknotes however, would come with 7 advanced security features. 
  

7 new security features
           
1. Color-changing security line with engraved markings   
   
    
These markings will be on the right side of the face of the banknotes. The security markings show a pinkish red dotted-line when looked at it normally but turns green when you alter the viewing angle. Engraved characters of ¥100 can be seen along the line when viewed against the light.
     
2. Color-changing numbers   
     
    
It is in the middle of the face of the banknotes. The numbers show a golden color when looked at upright and changes to green when viewed at a 180 degrees angle. A reflective light can be seen as the color changes correspondingly to the viewing angle.
     
3. Chairman Mao watermark  
   
   
A watermark of Chairman Mao is visible on the blank side, left of the face of the banknotes and appears when viewed against the light.
      
4. See-through "Yin and Yang" pattern for character "100"   
  
   
The numbers '100' on the bottom of the notes (left bottom on the face of the banknote, and right bottom on the back of the banknote) will be designed to form an incomplete '100' that will show fully when seen against the light.
 
5. Double printing of serial numbers  
  
     
Two groups of serial numbers printed on the face of the banknotes.
    
6. White watermark   
  
   
It is below the serial number on the left side on the face of the banknotes. The number “100” can be seen when viewed against the light.
 
7. Intaglio patterns  
  
   
Images of Chairman Mao, the national emblem, characters of “中国人民银行”, the face value, the Great Hall of the People and other features will have an uneven feeling when rubbed upon.
     
Banknotes that have been issued in China:  
  










   
Have you ever noticed the features of Chinese currency -- one flower on the front side, and one famous scenery on the back? Let's review the hidden features on the fifth set of banknotes.
   










  
SOURCE: WOX Team
Share this news?...Click box   Bookmark and Share
Comments Area ( Total Comments: 3 )
Voodoo commented on 23 Aug 2015
I better save that one before it's taken down...
Voodoo commented on 23 Aug 2015
I better save that one before it's taken down...
Mr Shelly commented on 17 Aug 2015
So...Here's what happened: In 2008, following the financial crisis, China bought large amounts of US debt. The Chinese government looked at this as a form of Credit - after all, another foreign country just gave them a large I.O.U. They took this "credit" and extended lines of credit to local governments and State-owned enterprises (SOEs) by way of obscene lending through the banks. The central government gave local government councils instructions to use the money they were lent through the banks to build infrastructure projects, like hospitals, roads, schools - stuff China desperately needs. Instead local governments largely ignored such directives and used the money they borrowed to buy land, which they in turn put up as collateral to borrow EVEN MORE money. This money was borrowed through largely informal, illegal, under-the-table sources (the so called "shadow banking system"). This caused China's Government-debt-to-GDP-ratio to mushroom to 284% in just 7 years - to put that in context, the United States has a ratio of 115% (also terrible, but better than China). Local governments, in turn, used this extra money to build capacity projects - factories, gold mines, steel mills, etc., - stuff CHina already has and doesn't need - creating the "Overcapacity" problem we see now. When the collateral was up, the land they illegally bought would be auctioned off, typically to realtors who would then use it to build unnecessary high rise apartments. This is where the "ghost cities" come from. In 2013, this system began catching up with its self, leading to the "credit crunch" and the slowing of the economy. The government responded by trying to shell up cash through the selling of "junk stocks" on the stock market - selling largely useless stocks of flagging state-owned enterprises (SOEs) and coupling this with a propaganda campaign promoting the stock market, especially to farmers with no high school education (67% of people playing the stocks in China lack a high school degree). In June of 2015, it backfired, leading to the stock market crash we just saw. China next tried to readjust it currency, so as to make the debts worth less and to promote exports, which notwithstanding the ethical or legal questions, has some validity. But now, there is another problem, the "capital crunch" - you see, the real wealth of the average Chinese person has increased over the past 30 years, so lowering the cost of money destroys the savings and spending power of the average person, but keeping it where it is hurts China's export based economy, which in turn also bankrupts the country. Damned if you do, damned if you don't. Plus, keeping the RMB pegged to the dollar ultimately gives China an unfair advantage over everybody else - whereas everybody else in the world has to trade their goods at the real cost, China can artificially trade for less than it is worth, because the exchange rate is set. SO if the RMB is actually 4 to the dollar, they sell at 6.9 - which is another way of saying the rest of the world bites the 2.9. SO international pressure mounts if you lower or raise it. At the same time, China also made a bid to make their currency international, which also lead to them buying gold as a backer, eventually overbuying it. What to do? Some people are saying that they may try to secretly print more money. Printing more money and funneling it to the Banks might give debtors the raw currency they need to pay their debts. However, printing more cash leads to the depreciation of the currency, making it worth less. SO, what they may do, is print more money IN SECRET and tell everybody else in the world that they haven't. This is a really stupid thing to do. There are two ways to do it. 1.) Actually admit to people that they are printing SOME new money, and then print more then you say, or 2.) roll over the currency and then fail to destroy the antiquated bills. OH NO! These are a buddies thoughts not mine as you can tell it is well written ha ha but it seemed to fit the news...