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BBC notes that “[f]or the first time in nearly a decade China is issuing new banknotes without the image of Chairman Mao Zedong.”

“The BBC’s Quentin Sommerville in Shanghai says Mao’s dominance of the tender came in 1999, when his image was introduced partly as an anti-counterfeiting device, albeit an unsuccessful one.”
See also “Promo currency.”
(Marginal revolution)