China seizes fake bank notes worth of US$51 mln
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China's central bank said Tuesday that it seized fake bank notes worth 338 million yuan (51.2 million U.S. dollars) in 2010, 46 percent less than a year ago.
Of the total fake bills, 100 yuan bank notes took up 71.5 percent, and the 10 yuan notes accounted for 11.4 percent. A total of 5.74 million yuan of fake coins were napped, down 52 percent year on year, said Ma Delun, deputy governor of the People's Bank of China (PBOC).
The circulation of fake bank notes dropped remarkably in 2010, Ma said at an anti-fake money exhibition held in Beijing.
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