Counterfeit

A Shaanxi coffee shop encountered issues with its banknote counter repeatedly identifying genuine one-yuan bills as counterfeit. The problem stemmed from the machine’s outdated software, unable to recognize the enhanced security features of the 2019 series Renminbi. The manufacturer, Deli, confirmed that machines produced between late 2017 and mid-2020 require a software update. This incident highlights the need for businesses to update cash-handling equipment and for users to verify currency through multiple methods, not just relying on a single device.

A man in Liaoning Province reported withdrawing two 100-yuan banknotes from an ATM that he suspected were counterfeit after failing to deposit them. The ATM flagged the bills as problematic. Bank employees also couldn’t deposit the bills. However, the bank clarified that the banknotes were not counterfeit but demagnetized. ATMs are sensitive to demagnetized currency, which the bank replaced for the customer. Demagnetized currency remains legal tender.