[Epoch Times December 23, 2021](Epoch Times reporter Li Jing comprehensive report) After China Banknote Printing and Minting Corporation Chen Yaoming was investigated, it was reported that Chen Yaoming was connected with the private printing of 2 trillion “same number banknotes”. The relevant news originated from a report by the mainland media 19 years ago. On December 22, the Central Bank of the Communist Party of China urgently refuted the rumors, which aroused public attention.
Chen Yaoming, a member of the party committee and director of China Banknote Printing and Minting Corporation, was recently investigated by the authorities for “serious violations of discipline and law”.
After director Chen was investigated, the official website of the Central Bank of the Communist Party of China issued a notice on the 22nd, stating that recently, China Banknote Printing and Minting Corporation (hereinafter referred to as “Banknote Printing and Minting Corporation”) Chen Yaoming was suspected of serious violations of laws and disciplines and voluntarily surrendered. ‘Banknotes of the same number’ 2 trillion.” The central bank called this a “rumor” and has reported the case to the police.
The central bank’s announcement has aroused concern. Does the RMB have the same number of banknotes? And there are 2 trillion? Does this have anything to do with Chen Yaoming’s stepping down?
The origin of the news on the Internet
According to a report by China Business News, the news about the “same number banknote” began on December 21 and was spread and fermented on multiple social platforms. According to the news, there were depositors holding RMB of the same face value and the same number for reporters to “see”. The two RMB are both in 1990 version, with a face value of 100 yuan, and the serial number is Y80829168.
The report mentioned that, according to the depositor, she took these two pieces from the Industrial and Commercial Bank of China’s Hanzhong branch not long ago. After she accidentally discovered that these two RMB were the same number, she went to several commercial banks to make an appraisal and the results were all ” The currency is genuine”.
According to the report, on the evening of the 21st, “China Banknote Printing and Minting Corporation Chen Yaoming privately printed 2 trillion banknotes with the same number” once rushed into hot searches.
“The same number banknote” has been reported by the official media before
The Epoch Times reporter discovered that the news about the renumbering of the RMB came from the “Sanqin Metropolis Daily” published on May 10, 2002, entitled “The two banknotes have the same number but are both “the real currency”. Is the RMB also renumbered? “Report.
“2 trillion” Internet crazy spread
The news that “the officials of the Banknote Printing Corporation privately printed 2 trillion yuan” went viral on the Internet. Some netizens questioned that “it is impossible to privately print such a huge amount of currency”; some netizens also pointed out that “domestic corruption is a conspiracy of many officials. For these families, pay attention to whether the family is not an individual. Combining the connections and financial resources of several large families, there will be 2 trillion real banknotes. This is in China and there is no uncertainty.”
Some netizens questioned, “Will you not use this method to explain the current inflation? Will no one let him print it?” Does it matter? Do you believe the party media’s refutation of rumors?”
Chen Yaoming, an official of the Banknote Printing Corporation, was investigated
On December 8, the website of the State Supervision Commission of the Central Commission for Discipline Inspection reported that Chen Yaoming, a member of the Party Committee and director of China Banknote Printing Corporation, was “involved in serious violations of discipline and law and took the initiative to surrender” and is currently undergoing disciplinary review and supervision and investigation.
Public information shows that Chen Yaoming joined the work in 1984. He has served as a cadre and chief officer of the Comprehensive Planning Department of China Banknote Printing Corporation, a member of the anti-counterfeiting printing company preparation team, and the general manager of Hainan Huasen Industrial Company (a subsidiary of the printing company), Shanghai Deputy director of the banknote printing plant and other positions.
In August 2001, he joined the China Banknote Printing Corporation and served as a member of the company’s party committee and deputy general manager. After ten years in this position, Chen Yaoming formally took office as a member of the party committee and director of the Banknote Printing Corporation in January 2021.
China Banknote Printing Corporation was established in 1984, directly under the People’s Bank of China. The business scope of the Banknote Printing Corporation includes the production and operation of banknote printing, coinage, special equipment, anti-counterfeiting inks, banking equipment, bank cards, value-added tax invoices, securities, anti-counterfeiting bills, and anti-counterfeiting documents.
It is worth mentioning that many people have been investigated in the past two years, including He Lin, who served as the deputy secretary of the party committee and general manager of China Banknote Printing Corporation for 10 years.
After Chen Yaoming was investigated, Professor Wu Mingde, a senior banker in Hong Kong, in an interview with the Epoch Times program “True Words” on December 16, speculated that Chen Yaoming might have been confessed by his opponent because it could not be covered up. He analyzed that in the past two or three months, the Central Commission for Discipline Inspection has been stationed in the Central Bank of the Communist Party of China, large financial institutions, and banks to conduct inspections. These lines may be involved in this process. He believes that the problem of printing money within the CCP reflects a problem in the system.
Editor in charge: Sun Yun#
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