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Article: IN BRIEF (Page: 6, Date: 04/16/2003)
- Article from:
- China Daily
- Article date:
- April 16, 2003
CopyrightCopyright 2003 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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BEIJING
Rule on counterfeit money issued
The People's Bank of China yesterday issued a management rule
regarding the confiscation and identification of counterfeit money.
The central bank's new rule, which will take effect on July 1 this
year, is the first related regulation and indicates the government's
improved fight against forged bank notes.
The rule stipulates the detailed procedures involved in the
confiscation and identification of counterfeit money.
In recent years, the amount of counterfeit money in circulation
has been increasing in China.
ICBC's first-quarter earnings jump
The Industrial and Commercial Bank of China yesterday announced a
first-quarter profit of 14.7 billion yuan ...