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1 Jiao / 10 Cents
| Issuer | The Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 1 Jiao = 10 Cents (0.1) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA TEN CENTS 壹角 1949 |
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| Protection type | Log in to see details |
| Protection description | Portrait watermark of Chiang Kai-Shek |
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| Comments |
The Central Bank of China's 1949 small denomination notes were issued against a backdrop of complete monetary collapse. By mid-1949, the Gold Yuan — introduced just months earlier as a replacement for the discredited Fabi — had itself failed catastrophically, with hyperinflation so severe that 1 Jiao represented a fraction of a fraction of real purchasing power. These notes were printed and issued knowing the regime that authorized them was already losing the mainland.
The Central Engraving and Printing Works in Shanghai fell to People's Liberation Army forces in May 1949. Notes produced there in the final weeks of Nationalist control are among the last outputs of that institution under ROC authority.