Counterfeit notes are everywhere in China. Often, these counterfeit notes are those of bigger denominations such as RMB50 and RMB100. It’s easy to recognise as the paper feels different and the Chinese will check several times when they receive a RMB50 or RMB100 to make sure it is not a fake.

My colleague was kind enough to teach me how to distinguish a fake note – that is to rub the shoulder of uncle Mao with your right thumb, it should be slighty ridged while fake notes tend to be very smooth. Also, fake notes often have irregular printing (colors too light or dark), absence of safety watermark etc. It is not advisable to change money at small shops, strangers who want to change small notes with you or with individuals who claimed to be money changers. I’ve met a few Chinese in Bank of China who wanted to exchange foreign currency with me. Just ignore them!

Always check your notes before leaving banks, street vendors, outlets… etc. All locals do that so you don’t have to worry about appearing to be distrusting or being rude. My friend got 2 fake RMB100 from an ATM 2 days ago. What should you do if you get fake notes from the ATM? Show your serial number in front of the small camera and walk straight to the bank counter. You may need to fill out a “Receipt for the seizure of Counterfeit Currency” form. You won’t get your counterfeit notes change to a legit one if you leave the ATM.

Always prepare smaller change when taking a cab. Most of the time, the taxi drivers will ask for smaller note when you give them a 100 note. Sometimes they are not willing to change, or they will give you a fake RMB50 note.

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