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1 Yuan / Dollar Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1928 |
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| Printer | American Bank Note Company, New York, United States |
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|---|---|
| Obverse lettering | 行銀央中 圓壹 圓壹幣國付即票憑 印年七十國民華中 司公票鈔國美 (Translation: Central Bank One Yuan Redeemable for one yuan national currency Printed in the 17th year of the Republic American Banknote Company) |
| Reverse description | The reverse is engraved in brown intaglio on a pale ground. An oval portrait vignette at left presents Sun Yat-sen in three-quarter view, rendered in fine line engraving. To the right, a central ornamental cartouche encloses the English denomination ONE DOLLAR / NATIONAL CURRENCY, surmounted by decorative scrollwork. Two manuscript signatures appear below the cartouche, one designated Assistant Manager and the other General Manager, with SHANGHAI and the date 1928 in a panel beneath. The printer's imprint AMERICAN BANK NOTE COMPANY runs along the bottom margin. |
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| Comments |
The Central Bank of China was formally established in November 1928 as the Nationalist government's primary bank of issue, replacing the older institutions that had fragmented currency authority across Republican China. This 1 Yuan note belongs to the bank's earliest series, issued in the same year the bank opened — a deliberate signal of financial consolidation under Chiang Kai-shek's newly unified administration.
The American Bank Note Company had deep roots in Chinese currency production by this point, supplying engraved notes to multiple Chinese issuers since the late Qing period. Their New York presses gave the Nationalist government's first notes a credibility that domestic printing facilities could not yet provide.