Beware of fake notes, bank says

With the festive season approaching, the central bank yesterday warned the public to be on the lookout for high quality counterfeit 100-yuan banknotes.

Though mostly counterfeit 100-yuan ($14) notes are not too hard to make out, people should be careful as cash transactions during Spring Festival are high, it said.

Recent media reports said that 100-yuan notes, starting with numbers "HD90", are fake, but their quality is so high that even cash detectors cannot make them out. The central bank denied the reports yesterday.