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1 Fen
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The national arms of the People's Republic of China are centrally placed, surrounded by the denomination and issuing authority in Chinese characters. The overall design is spare, with minimal ornamentation consistent with the utilitarian character of this small-denomination note. |
| Reverse lettering | 中國人民銀行 壹分 1953 (Translation: People's Bank of China, One Fen) |
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| Comments |
The first series of Renminbi (第一套人民币) had already been issued in extraordinary haste beginning in 1948, before the People's Republic was formally proclaimed. The 1953-dated notes of the second series — including this 1 Fen — were actually printed over a span of years but carry a unified issue date, a deliberate standardization that obscures the real production timeline considerably.
Soviet technical assistance influenced the second series' production infrastructure. These small-denomination fen notes remained in circulation for decades far beyond any comparable Western fractional paper, partly because metal coinage was inconsistently distributed in rural areas well into the 1970s.