New money not best solution to end corruption

CHINA SHOULD ISSUE a new version of its currency to deter those corrupt officials who have stashed huge amounts of cash, said the Jiusan Society, a non-Communist political party of China, in its latest proposal to the third session of the 12th National Committee of the Chinese People's Political Consultative Conference in Beijing. Comments:

Updating the RMB will surely deal a blow to those corrupt officials in possession of a large amount of cash, which are almost certain to arouse banks' suspicion should their owners ask for exchanges. However, such a decision would cost a country more than a lot, as it may also affect the public and the country's foreign trade, and so it is usually adopted only to address issues which are more critical than anti-corruption.

Hu Jianmiao, a professor at the Chinese Academy of Governance, Mar 4