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1 Yuan Bank of China
| Issuer | Bank of China |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 1 Yuan = 1 Dollar |
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| Obverse description | Central oval vignette of a Chinese garden pavilion set among trees and shrubbery, flanked by large Chinese characters reading 壹圓 on either side within ornate guilloche panels. The top margin bears the bank title 中國銀行 in Chinese characters, with red serial numbers printed twice across the upper portion. The lower margin carries a place-of-issue inscription indicating Harbin, Manchuria, along with red seal impressions. |
|---|---|
| Obverse lettering | 中國銀行 (Bank of China) 壹圓 (One Yuan) 東三省 哈濱 (Harbin, Three Eastern Provinces) 國幣券 (National Currency Note) 中華民國五年 (Republic of China Year 5) |
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| Comments |
Bank of China had been reorganized under Republican government control just a few years before this note was issued, following the 1916 crisis in which Yuan Shikai's government attempted to suspend convertibility — triggering a public panic that the Shanghai and Beijing branches famously defied by continuing to honor redemptions on their own authority. That act of institutional resistance gave the bank unusual credibility at a moment when most Chinese paper currency was regarded with deep suspicion.
The American Bank Note Company's involvement reflects a deliberate policy of sourcing security printing abroad to sidestep the limitations of domestic facilities and, more practically, to reassure a skeptical public through visibly foreign production standards.