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1 Cent Kwangtung Provincial Bank
| Issuer | Kwangtung Provincial Bank |
|---|---|
| Year | 1949 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 廣東省銀行 壹分 大洋票 AE AE 中華民國三十八年 中華書局有限公司 |
| Reverse description | The reverse is essentially unprinted, presenting the cream-coloured paper with a faint show-through of the obverse design visible by transparency. No distinct vignette or lettering is applied to this side, giving the note a plain, utilitarian appearance consistent with small-denomination emergency issues of the period. |
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| Comments |
The Kwangtung Provincial Bank's 1-cent note of 1949 belongs to one of the most chaotic monetary episodes in modern Chinese history. By the time this note was printed, the Nationalist government's gold yuan reform — launched in August 1948 to replace the collapsed fiat yuan — had itself collapsed within months, triggering hyperinflationary conditions that made fractional-cent denominations both absurd and briefly necessary as provincial authorities scrambled to maintain any functional small-change circulation.
The Chung Hua Book Company was among the more reliable printers available to Nationalist-aligned institutions in this period, though by 1949 even their output was being overtaken by political events. Guangdong fell to Communist forces in October 1949.