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1 Jiao / 10 Cents Central Bank of China

Issuer Central Bank of China
Year 1940
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Shape Rectangular
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Reverse description The reverse is dominated by an intricate guilloche pattern forming the central design, with the denomination and issuer details rendered in both English and Chinese. The face value "TEN CENTS" and issuer name "THE CENTRAL BANK OF CHINA" are inscribed in English, flanked by decorative lathe-work borders.
Reverse lettering THE CENTRAL BANK OF CHINA TEN CENTS 1940 CHUNG HWA BOOK CO. LTD.
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Comments

The Central Bank of China's 1940 fractional note program was a direct response to wartime metal shortages — copper and nickel had been redirected to military production, and small-denomination coinage effectively disappeared from daily commerce. Zhonghua Book Company in Beijing, one of the few printing houses with capacity and political reliability under wartime conditions, took on a significant portion of this fractional output.

P#226 circulated hard. Low-denomination notes in occupied and contested regions passed through more hands, more quickly, than any high-value issue, and surviving examples in respectable condition are genuinely uncommon for that reason.

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