PBoC revamps 100 yuan note

People's Bank of China
Photo of a People's Bank of China branch

The People's Bank of China unveiled the first changes in 10 years to its largest denomination banknote today (August 10).

The 100 yuan note (worth around $16) has been updated with a handful of new features, which the central bank says will help to reduce counterfeiting and make it easier for machines to handle the notes.

Overall, the artwork on the note remains largely unchanged, with Mao Zedong on one side and the Great Hall of the People on the other, but the background patterns have changed,

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