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1 Dollar Chekiang Provincial Bank
| Issuer | Chekiang Provincial Bank |
|---|---|
| Year | 1949 |
| Type | Local banknote |
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| Obverse description | Printed in red on light paper, the obverse carries a landscape vignette at left with a multi-tiered pagoda set against a river scene with a bridge in the middle distance. At centre, a green guilloche underprint medallion bears the denomination characters 壹圓 within an ornate lacy oval frame. To the right, an intaglio portrait of Sun Yat-sen appears within a circular frame with fine lathe-work surround. Serial numbers in black appear at upper left and upper right, with the bank title 浙江省銀行 in large characters across the top. |
|---|---|
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| Reverse lettering | 總經理 辛保泰 董事長 湯家塤 |
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| Comments |
The Chekiang Provincial Bank was one of several provincial institutions still issuing notes in 1949 as the Nationalist government collapsed around them. This dollar note appeared in the same year the People's Republic was proclaimed — meaning its useful circulation life was measured in months at best, cut short by the Communist monetary consolidation that replaced provincial and nationalist paper with the renminbi.
The Central Engraving and Printing Bureau, operating under Nationalist authority, was printing currency for institutions that were rapidly losing territorial control. Notes from this period frequently survive in unissued condition simply because distribution networks had already broken down before the print runs could reach circulation.