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Campaign targets fake currency

Yuan

The police have launched a national campaign to stamp out currency counterfeiting, the Ministry of Public Security revealed yesterday.

The 10-month campaign started late last month and is focused on counterfeiting hot spots, including Guangdong, Guangxi, Fujian, Zhejiang and another six provinces with a high proportion of fake yuan notes, the ministry said.

Authorities in Guangxi, a major centre for fake notes, were targeting distributors.

The ministry said all levels of police should encourage the public to report any incidents of the manufacturing or dealing of fake money.

It said it had talked to Hong Kong and Macau police about cross- border co-operation on the issue.

Discussion has mounted on the mainland, especially in coastal areas, since late last year about the appearance of high-quality counterfeit 100-yuan notes with serial numbers beginning with HD90 and HB90. Of the provinces singled by the ministry, Guangdong is regarded as a major source of counterfeit money.

Wu Yiqi, from Jieyang, told the Guangdong provincial Chinese People's Political Consultative Conference's annual meeting last week that counterfeit money was a severe problem.

She said that in Jieyang alone, fake notes with a face value of more than 110 million yuan [HK$124.35 million] had been seized in six cases last year.

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