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The People's Bank of China, the central bank, said Thursday that
China stepped up efforts on combating currency counterfeit in the
past year, confiscating 656 million yuan and US$5.05 million US in
counterfeit notes.
Meanwhile, banknote management was strengthened and a total of
9,007 financial institutions were found violating cash management
regulations last year, according to background materials released
Thursday by the central bank at a press conference.
The press conference was sponsored by the press center of the
ongoing Second Session of 10th National People's Congress and
Second Session of the 10th National Committee of the Chinese
People's Political Consultative Conference.
(Xinhua News Agency March 11, 2004)
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