China
China denies rumors of 500-yuan note
Jul 22, 2009 07:58 AM Category: Asia
The Fuzhou Branch of the People’s Bank of China denied rumors that a new 500-yuan (US$73.20) note will be released by November 2009. Fueled by fears of inflation, rumors of the new banknote have been floating around since 2006. Wei Guoqi, a senior official at the People’s Bank of China, declared “it's not true,” and stated that no formal notice about the introduction of any new banknotes had been received. Images of the purported new note bearing a portrait of Deng Xiaoping are considered a hoax.
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China issues Olympics commemorative note
Sep 19, 2008 07:38 AM Category: Asia
10 yuan (US$1.45), 2008. The PBOC introduced six million notes on 08.07.2008 to commemorate the Beijing Olympic Games. Cyan. Front: National Stadium (Bird’s Nest), games emblem, Temple of Heaven, and coat of arms. Back: Greek marble statue of discus-thrower, Discobolus; athletes (runners, high jumper, gymnast, soccer players). Watermark: 10 and “Games of XXIX Olympiad” in Chinese. 148.5 x 72 mm. Existing 10-yuan notes to continue circulating.