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1 Yuan Kwangtung Provincial Bank

Issuer Kwangtung Provincial Bank
Year 1949
Type Standard circulation banknote
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Obverse description Portrait of Dr. Sun Yat-sen in an oval guilloche vignette at left, rendered in fine intaglio engraving. The bank title 廣東省銀行 appears in the upper right, with the denomination 壹圓 in a central ornate cartouche flanked by elaborate guilloche scrollwork. Corner rosettes carry the character 壹, and the date inscription 中華民國三十八年 is printed along the lower border.
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Reverse lettering THE KWANGTUNG PROVINCIAL BANK ONE YUAN 1949 CHUNG HWA BOOK CO., LTD.
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Kwangtung Provincial Bank had been issuing currency for decades by 1949, but this note belongs to its final chapter. As the People's Liberation Army swept south through 1949, Guangdong fell in October. Notes issued that year had an extremely short window of legitimate circulation before Nationalist-era provincial paper became worthless overnight.

Chung Hwa Book Co. printed extensively for both Nationalist government banks and provincial issuers throughout the 1940s — a commercial printer rather than a security specialist, which shows in the relatively modest production values of late-series issues like this one.

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