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1 Yuan Southern People's Bank
| Issuer | Southern People's Bank (南方人民銀行) |
|---|---|
| Year | 1949 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in blue and carries a central guilloche rosette underprint flanked by two oval vignettes: the left oval contains the Chinese denomination characters 壹圓 (One Yuan), while the right oval frames a multi-tiered pagoda set among trees. The bank title 南方人民銀行 (Southern People's Bank) appears in a horizontal inscription across the upper portion, with the date 中華民國三十八年 (Republic of China Year 38) along the lower margin. A two-letter and six-digit serial number is printed in red across the centre field. |
|---|---|
| Obverse lettering | 南方人民銀行 壹圓 中華民國三十八年 |
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| Comments |
The Southern People's Bank (南方人民銀行) was one of several regional revolutionary banks operating in liberated zones during the final phase of the Chinese Civil War. It functioned in Guangdong and surrounding areas under Communist Party control, issuing currency ahead of the formal establishment of the People's Republic in October 1949. These regional issues were transitional instruments — designed to stabilize newly taken territory before the Renminbi system was fully consolidated and the regional banks wound down.
Pick S3487 sits in a category of Chinese Communist local issues that remain genuinely difficult to authenticate and source, with many examples having passed through Hong Kong dealers in the 1970s and 1980s with inconsistent provenance.