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1 Yen

Issuer Bank of Chosen (朝鮮銀行)
Year 1932-1944
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Size 122 × 70 mm
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Reverse description The reverse is dominated by a central oval guilloche cartouche in olive-gold tones bearing the alphanumeric denomination '1 YEN' in bold intaglio lettering, surrounded by elaborate acanthus scroll work. To the left, a scalloped medallion carries the Chinese character denomination 壹圓, while a stylised flower rosette occupies the upper right corner. The bank title 朝鮮銀行券 is inscribed in kanji across the top margin.
Reverse lettering 朝鮮銀行券 壹 1 YEN 圓
(Translation: Banknote of the Chosen Bank, One Yen)
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Comments

The Bank of Chosen was technically a private institution but functioned as the central bank of colonial Korea under Japanese oversight, and its notes circulated not only in Korea but also across Manchuria and parts of northern China — particularly after 1931, when the Japanese military's expansion into Manchukuo pushed Chosen Bank notes into territories well beyond the issuer's nominal jurisdiction. This gave the series an unusual dual function: domestic colonial currency and de facto occupation scrip simultaneously.

The 1932 start date coincides with a design revision prompted partly by counterfeiting concerns. Worn examples are common; the thin wartime paper used toward the end of the print run deteriorated quickly in humid circulation conditions, and survivors from the 1943–44 period frequently show stress along the horizontal folds.

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