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1 Yuan Farmers Bank of China
| Issuer | Farmers Bank of China |
|---|---|
| Year | 1935 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
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| Printer | Thomas De La Rue & Company Limited, London, United Kingdom |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中國農民銀行 壹圓 憑票即付國幣壹圓 中華民國二十四年印 德納羅印鈔公司 (Translation: The Farmers Bank of China 1 Yuan Pay for national currency 1 yuan by note Printed in the 24th year of the Republic of China Thomas De La Rue & Company Limited London) |
| Reverse description | Log in to see details |
| Reverse lettering | THE FARMERS BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE ONE YUAN NATIONAL CURRENCY THOMAS DE LA RUE & COMPANY LIMITED LONDON |
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| Comments |
The Farmers Bank of China was established in 1933 to extend rural credit and stabilize agrarian finances during a period when the Nationalist government was simultaneously fighting the Communists and managing catastrophic flooding in the Yangtze basin. Its early note issues were printed abroad — De La Rue secured several of these contracts — before domestic printing capacity was expanded later in the decade.
Pick 457 predates the November 1935 currency reform that abolished the silver standard and introduced the fabi system. Notes already in circulation at that moment were absorbed into the new framework rather than immediately withdrawn, giving early Farmers Bank issues an unusually complex circulation history across the reform boundary.