1. These Measures are formulated in accordance with the Law of the People's Republic of China on the People's Bank of China, the Law of People's Republic of China (PRC) Commercial Bank, the Decision of NPC Standing Committee on Punishing Crimes of Disrupting Financial Order and the Regulations of People's Republic of China (PRC) on the Administration of Renminbi, in order to standardize the work of currency identification, counterfeit currency collection and identification and protect the legitimate rights and interests of currency holders.
2. These Measures shall apply to the banking financial institutions established within the territory of People's Republic of China (PRC) (hereinafter referred to as financial institutions) to identify money and collect counterfeit money, and the People's Bank of China and its branches and its authorized appraisal institutions (hereinafter referred to as appraisal units) to identify the authenticity of money.
3. Currency as mentioned in these Measures refers to RMB and foreign currency. Renminbi refers to the currency issued by the People's Bank of China according to law, including banknotes and coins. Foreign currency refers to legal tender that can be obtained and exchanged in People's Republic of China (PRC) (China) and circulated in other countries (regions). The term "counterfeit money" as mentioned in these Measures refers to the media that are issued by non-domestic (regional) monetary authorities and imitate the appearance or physical and chemical characteristics of money, which is enough to mislead the public and may exercise functions of money. Counterfeit money includes counterfeit money and counterfeit money. Counterfeit money refers to counterfeit money made by various means by imitating the pattern, shape and color of real money. Coin change refers to counterfeit money made by changing the original form of real money on the basis of real money by digging, uncovering, altering, piecing together, printing and reprinting.
4. The term "authentication" as mentioned in these Measures refers to the behavior of financial institutions to judge the authenticity of money in the process of handling deposit and withdrawal, currency exchange and other businesses. The term "collection" as mentioned in these Measures refers to the compulsory seizure of counterfeit money discovered by financial institutions through legal procedures in the process of handling deposit and withdrawal, currency exchange and other business. The term "appraisal" as mentioned in these Measures refers to the act that when the confiscated person disagrees with the judgment of the authenticity of the confiscated counterfeit money, the appraisal unit makes a ruling on the authenticity of the confiscated counterfeit money according to the application of the confiscated person or the financial institution that collects the counterfeit money (hereinafter referred to as the collection unit).