This Day, That Year

Item from Aug 4, 1996, in China Daily: Visitors show great interest in the armored vehicle of the Eurasia Banking Systems Co of Germany ... Bank note printing will be improved in the Ninth Five-Year Plan (1996-2000) to help foil counterfeiting and protect the renminbi's reputation ...

Improving the printing system is an important part of the country's computerization of the financial industry, which is slated for accelerated development in the near future ... China is expected to computerize 8,000 bank business outlets every year.

The renminbi is well on its way to becoming one of the world's most widely used currencies.