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1 Jiao / 10 Cents Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1940 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen at right, rendered in intaglio style. The face value "壹角" (1 Jiao) is stated in Chinese characters, with the issuer name "中央銀行" (Central Bank of China) and the Republican year "中華民國二十九年" arranged around the vignette. The printer's imprint of Chung Hwa Book Co. Ltd. appears in the lower margin. |
|---|---|
| Obverse lettering | 行銀央中 角壹 年九十二國民華中 司公限有局書華中 (Translation: The Central Bank of China 1 Jiao 29th year of the Republic of China 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.