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1 Yuan - Bank of Communications
| Issuer | Bank of Communications |
|---|---|
| Year | 1927 |
| Type | Local banknote |
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| Obverse description | Central vignette of a steam locomotive in three-quarter view, set within an ornate guilloche border with decorative corner medallions. Black overprint of the place name in Chinese characters appears at lower left and lower right of the note. |
|---|---|
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| Reverse lettering | BANK OF COMMUNICATIONS 1 YUAN ONE YUAN NATIONAL CURRENCY WEIHAIWEI SHANTUNG NOVEMBER 1ST 1927 AMERICAN BANK NOTE COMPANY |
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| Comments |
The Bank of Communications was technically a government-affiliated institution but operated with considerable commercial independence — a useful ambiguity that allowed it to issue notes alongside the older Bank of China without formally duplicating central banking functions. By 1927, that arrangement was becoming politically complicated as the Nationalist government consolidated control over China's financial institutions.
American Bank Note Company produced the bulk of the Bank of Communications series during this period, working from New York. ABNC's engraving quality on Chinese commission work from the 1920s is consistently high, and this series is no exception.
Circulated examples frequently show foxing and vertical fold fatigue — characteristic of how notes moved through southern provincial markets.