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1 Yuan / Dollar Canton
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Silver Yuan (1949) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 券元銀 圓壹 廣 州 元銀換兌票憑 年八十三國民華中 司公限有份股局書華中 (Translation: The Central Bank of China Silver Yuan Note One Yuan Guangzhou Exchange for 1 Silver Yuan 38th year of the Republic of China Chung Hwa Book Co. Ltd.) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND ONE SILVER DOLLAR CANTON 1949 CHUNG HWA BOOK CO. LTD. |
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| Comments |
The Central Bank of China's 1949 yuan issues appeared as the Nationalist government was in outright collapse — the People's Liberation Army took Nanjing in April, and by the time many of these notes reached circulation channels, the issuing authority had effectively ceased to function on the mainland. The "Canton Dollar" designation reflects an attempt to stabilize currency in southern China during the final Nationalist retreat, pegging value to the old silver dollar unit rather than the catastrophically inflated gold yuan.
Zhonghua Book Company, a Beijing-based commercial printer with roots in the Republican publishing trade, produced this series — an unusual choice given that state printing works had handled most earlier Central Bank issues.