Free Republic

Fake cash hits the mainland Created: 2009-1-8 1:00:31 Author:Cyril Li A BATCH of high-quality fake 100 yuan (US$14.50) bank notes is in circulation on the mainland, state media reported. The fake money, which cannot be identified by older counterfeit-cash detectors may be from Taiwan, as police on the island cracked a six-member counterfeiting ring, seizing 100 million yuan in fake notes on October 8, according to Fujian-based Southeast TV. The ring was reported to have been producing the notes for some time. An unidentified source said fake bank notes had already made their way on to the mainland. Most of...