Monday, July 7, 2008

Move over Mao, the Olympics are coming

Move over Mao, the Olympics are coming


A combo photo shows a commemorative bank note with a face value of 10 yuan ($1.46) to mark the Beijing Olympic Games. The People's Bank of China (PBOC), the country's central bank, is to issue the commemorative bank note from July 8, 2008 to mark the Beijing Olympic Games, the bank said in a statement on July 6, 2008, China Daily reported. REUTERS/PBOC via China Daily
Reuters Photo: A combo photo shows a commemorative bank note with a face value of 10 yuan...

BEIJING (Reuters) - China's central bank will drop former leader Mao Zedong's face from six million new 10 yuan (74 pence) notes to mark next month's area on the other, were issued in 1999, to commemorate the 50th anniversary of the founding of the People's Republic.

Debate flares periodically about removing Mao from the notes, but no serious moves have been made recently.

In 2006 delegates to the country's parliament, the National People's Congress, proposed Mao make room for other leaders such as economic reformer Deng Xiaoping and Sun Yat-sen, considered the "father" of modern China.

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