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1 Yuan Bank of China

Issuer Bank of China
Year 1935
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Value 1 Yuan = 1 Dollar
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Reverse lettering Bank of China One Yuan Tientsin March 1935
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Protection description Temple of Heaven watermark
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Comments

The Bank of China's 1935 note program was produced during a pivotal year for Chinese monetary policy — the Nationalist government's fabi reform of November 1935 abolished the silver standard and centralized note-issuing authority among three government banks, of which the Bank of China was one. This note predates that reform by months, placing it in the final window of the old monetary arrangement.

Thomas De La Rue's involvement reflects the Bank of China's long-standing preference for London printers, a relationship dating to the Republican period. Pick 76 is reasonably common in lower grades but tends to show horizontal fold fatigue through the center — a chronic weakness of the paper stock used across this print run.

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