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1 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1935 |
| Type | Log in to see details |
| Value | 1 Yuan = 1 Dollar |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 壹 圓 印年四十二國民華中 (Translation: Central Bank of China One Yuan Printed in the 24th year of the Republic) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND ONE YUAN LOCAL CURRENCY CHUNGKING |
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| Comments |
The Central Bank of China's 1935 note issues were produced under the fapi currency reform launched that November, when the Nationalist government nationalized silver holdings and replaced the commodity-backed system with managed paper currency. The transition was abrupt and politically contentious — foreign silver coins were forcibly exchanged, and the new notes became the sole legal tender almost overnight.
The Chungking printing works attribution places production inland, away from the coastal facilities that would fall under Japanese pressure within a few years. P#206 is among the earlier outputs of that interior operation.