1 Yuan / Dollar Central Bank of China

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.