Renminbi Gets A Facelift

Don’t be alarmed if you think your eyes are playing tricks on you; they’re not! It’s only the release of several new and improved bank notes and coins that have begun to be introduced, as of yesterday, across Shanghai. Although the same as the old ones, the new one, ten, twenty and fifty renminbi notes are slightly different with a number of changes being made to counter forgery. Similar changes were successfully made to the one hundred renminbi note two years ago. Coins have also undergone some changes in size and color. However, the five yuan note has not been updated, and the new one yuan note will not be released in Shanghai; it seems Shanghai locals still prefer to have the rattle of a little loose change in the pocket.


Source: Money Talks, ICS