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| 正面描述 | A circular vignette at left centre encloses a finely engraved view of a traditional Chinese temple pavilion framed by tall trees, with a paved courtyard in the foreground. To the right, the denomination 壹角 appears in large Chinese characters within an ornate guilloche medallion. Two red seal impressions are affixed in the lower right quadrant, and the serial number is printed in red at upper left and upper right beneath the bank title 中央銀行. |
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| 正面铭文 | 行銀央中 角壹 圓壹幣國付兌角拾每 司公限有局書華中 (Translation: The Central Bank of China 1 Jiao Every 10 Jiao exchanged for 1 Yuan Chung Hwa Book Co. Ltd.) |
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The Central Bank of China's 1931 fractional currency program was driven by a chronic shortage of small-denomination coins in circulation — a persistent problem in Republican China where copper and silver coinage was being hoarded, melted, or simply not minted in sufficient quantities to meet demand. Zhonghua Book Company in Beijing was one of a handful of domestic printers the bank turned to as it worked to reduce dependence on foreign security printers like American Bank Note and Waterlow.
Pick 202 is among the less commonly encountered pieces from this fractional series, partly because low-value notes of this period absorbed heavy daily use and rarely survived intact.