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1 Yuan Bank of Kuantung

Issuer Bank of Kuantung
Year 1948
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Shape Rectangular
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Obverse description Central vignette of a mountain lake scene enclosed within an ornate cartouche, printed in orange on a lightly textured ground. Denomination panels reading 壹圓 appear to the left and right of the vignette, flanked by rosette guilloche ornaments. Serial number prefix and numerals are printed in the upper left, with the bank title 關東銀行 across the top and the legend 中華民國拾叁年印束 along the lower margin.
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Reverse lettering 1948
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Comments

The Bank of Kuantung (廣東銀行) was one of several provincial institutions attempting to maintain financial credibility in South China during the final, chaotic phase of the civil war. By 1948, Nationalist currency was collapsing under hyperinflation, and regional banks issuing yuan-denominated notes were operating in an environment where the value of any given note could halve within weeks of printing.

The S-prefix in the Pick reference places this firmly in the Chinese "Specialized Issues" category — provincial, local, or otherwise outside the central government banking structure. Documentation on surviving print runs is incomplete, and attribution of specific printings to particular facilities remains contested among specialists.

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