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The State Administration of Foreign Exchange (SAFE)and the Ministry of Public Security jointly launched a two-month-long campaign to wipe out the black markets for foreign currency exchanges, according to today's China Daily.
A total of 133 suspects have been arrested and two illegal foreign currency hideouts and underground money houses have been discovered during the campaign which was launched in Liaoning, Zhejiang, Shanxi, Yunnan provinces and Beijing,China Daily quotedsources from the two departments as saying.
Officials from the two administrations have also seized two million US dollars in illegal foreign currency and have confiscated 3.6 million yuan (O.4 million US dollars).
The foreign currency touts who are disturbing and working against banking systems have also been cracked down upon with the help of banks.
So far,the public security authorities have got lists of toutsand clues that may lead to more underground money houses.
(Shanghai Daily January 21, 2002)
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