Now as we take a look at the most faked currencies in the world, it’s perhaps not surprising that the Chinese yuan, in a country known for high corruption levels, features. In May this year, Chinese police busted a currency forgery case and confiscated 422 million yuan ($60.3m/£47m) in fake notes. That's despite efforts from the Chinese government to crack down on fake notes. In 2013 the authorities arrested Peng Daixang, a 73-year-old forger behind nearly 97% of all fake notes circulating in the country. He sold his hand-drawn templates to gangs, a crime that led to life imprisonment.buy fake money. While in 2015 the People’s Bank of China, China’s central bank, unveiled a new 100 yuan note ($14/£11), one of the most commonly counterfeited bills, in an effort to crack down on counterfeiting.