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Fake Renminbi Racket Dispelled: 38 Printers Used, Costs Less than $1 per Note

By Zhu Xi (People's Daily Online)    05:51, November 28, 2015
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The printer is used to forge Chinese banknotes

Police have recently raided a fake currency racket from a residential building in Guiyang, capital city of southwest China’s Guizhou Province. Four suspects have been arrested for allegedly forging Chinese banknotes with 38 printers and Photoshop techniques since this April. The suspects confessed that the fake currency only costs Rmb1 (nearly $0.16) per print. The values of fake notes that the gang has produced and sold in the past few months are over Rmb3 million (around $ 476,000), giving the racket an illegal income of over Rmb200,000 (around $32,000).

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Joanna Law,任建民)

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