On Dec. 8th, 2021, the deputy general manager of the China Banknote Printing and Minting Corporation and a director of the company was reportedly investigated on suspicion of "serious violations of the law and party discipline.
Governments “counterfeiting” real banknotes: a topic discussed by Joseph in a couple of books.
"This has become a hot search online in mainland China. Chinese people are wondering: What mistake the printer of Renminbi has made?
According to an overseas tweet, “The trillions of counterfeit bills in the Chinese market are authentic, printed by the China Banknote Printing Corporation. Everything is real, including serial numbers.“
If the Chinese Banknote Printing and Minting Corporation had actually printed duplicate bills, I wonder if such news would scare the money printing clients? However, based on the CCP’s habit of covering up real information, we don’t expect to get a definitive answer to the question of whether there are duplicate authentic bills in China.”
