New version of 100-yuan bank note to be circulated

The People's Bank of China, the central bank, started to put a new version of 100-yuan banknote into circulation on Thursday. The new note, the largest denomination of the Chinese currency, will be harder to counterfeit and easier for machines to read, thanks to its enhanced security features. Manufacturers of cash receiving equipment should upgrade their products for the new bank note, the central bank announced earlier. The old version will stay in circulation but will gradually be phased out.