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1 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Value | 1 Yuan (1元, 壹圓) (1 CNY) |
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| Obverse description | The central vignette presents Tiananmen Gate (Gate of Heavenly Peace) set within a fine guilloche underprint in red-brown tones. The bank title 中國人民銀行 runs across the top, with the denomination 壹圓 repeated at left and right flanking the central vignette. Two serial number sets appear at the lower portion, with the issue year 一九五三年 printed along the bottom margin. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The National Emblem of the People's Republic of China — Tiananmen Gate surmounted by five stars within a circular frame — occupies the centre of an ornate guilloche cartouche printed in deep rose-red. The numeral "1" appears in large format at both the left and right margins, while the bank name and denomination are rendered in four scripts surrounding the emblem: Chinese at the top, Uyghur in Arabic script at the lower left, Tibetan at the upper right, and Mongolian at the lower centre. The year "1953" is set within a rectangular panel along the bottom. |
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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.