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1 Yuan

Issuer People's Bank of China
Year 1953
Type Standard circulation banknote
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Obverse lettering 中國人民銀行 壹圓 壹圓 一九五三年
(Translation: People's Bank of China, One Yuan, Year 1953)
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Reverse lettering 中國人民銀行 壹圓 جۇڭگو خەلق بانكىسى بىر يۈەن ཀྲུང་གོའི་མི་དམངས་དངུལ་ཁང་། སྲར་རྒྱལ། ᠳᠤᠮᠳᠠᠳᠤ ᠤᠯᠤᠰ ᠤᠨ ᠠᠷᠠᠳ ᠤᠨ ᠪᠠᠩᠬᠢ 1953
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Comments

This note belongs to the second series of Renminbi, the set China began developing in 1955 to replace the first series — itself a chaotic patchwork of regional issues printed under wartime conditions by multiple facilities. The second series was the first to be planned and produced entirely under unified central authority, with the Beijing Banknote Printing Works taking the lead role. Soviet technical assistance was a significant factor in the early production runs, reflecting the close Sino-Soviet cooperation of the early 1950s.

The 1953 date is the series date, not a print date — notes circulated well into the 1960s. Withdrawal began in 1964 during a politically charged currency exchange that gave holders only a narrow window to convert, a policy that effectively invalidated holdings kept outside the banking system.

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