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1 Jiao
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Composition | Log in to see details |
| Size | 117 × 54 mm |
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| Obverse description | A central vignette depicts a tracked farm tractor ploughing open fields at left, with an agricultural scene extending toward the right horizon. An ornate guilloche medallion at right carries the denomination characters 壹角 within an elaborate scrollwork frame, flanked by two red seal impressions. The bank title 中國人民銀行 is inscribed across the top border within a dark decorative band, with the date 一九五三年 repeated along the lower border. |
|---|---|
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| Reverse lettering | 中國人民銀行 壹角 1953 |
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| Comments |
The third series of People's Bank of China notes was designed domestically but printed in the Soviet Union by Goznak — a reflection of the Sino-Soviet partnership that defined China's early monetary infrastructure before the political split of the late 1950s. This 1 Jiao belongs to that series, and the Soviet printing origin is one of the few genuinely distinguishing facts about the lower denominations, which otherwise circulated unremarkably for decades.
The 1953-dated notes were not actually released into circulation until 1955, when the second renminbi series was formally introduced at a conversion rate of 10,000 old yuan to 1 new yuan — a redenomination meant to erase the inflationary memory of the civil war period.