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1 Jiao
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Second Rénmínbì (1955-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The central design is dominated by the national arms of the People's Republic of China — Tiananmen Gate beneath a large five-pointed star flanked by four smaller stars, encircled by sheaves of grain — positioned at the top of a large ornate cartouche. Below the arms, the bank name and denomination are inscribed in Chinese, with parallel inscriptions in Uyghur (Arabic script), Tibetan, and Mongolian scripts arranged in horizontal bands. The denomination characters 壹角 appear in decorative medallions at both left and right margins, and the year 1953 is set within a rectangular panel at the base of the central cartouche. |
| 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.