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1 Yuan The Sino-Scandinavian Bank

Issuer The Sino-Scandinavian Bank
Year 11 (1922)
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Currency Yuan (1912-1948)
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Reverse description Printed entirely in green, the reverse carries a central oval vignette of a Viking longship under sail on open water, set within a fine guilloche border. The bank title THE SINO-SCANDINAVIAN BANK is displayed in a bold ribbon panel at top, with the promise clause in script lettering below it, and the denomination ONE YUAN in a rectangular cartouche beneath the central vignette. The place name TIENTSIN and date FEB. 1ST 1922 appear at lower center, flanked by two manuscript signatures, with decorative quatrefoil corner ornaments throughout.
Reverse lettering THE SINO-SCANDINAVIAN BANK
Promises to Pay the Bearer on Demand at its Office here, Local Currency value Received.
ONE YUAN
TIENTSIN
FEB. 1ST 1922
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Comments

The Sino-Scandinavian Bank was a Sino-foreign joint venture established in Beijing in 1919 with Danish and Norwegian financial backing — one of several foreign-affiliated banks operating in China under the treaty port system that allowed such institutions to issue their own circulating notes. Its lifespan was short; the bank had effectively ceased meaningful operations by the mid-1920s, which keeps surviving note issues scarce relative to the major foreign banks of the period.

Printing by the Bureau of Engraving and Printing in Peking rather than a European security printer was unusual for a foreign-affiliated bank of this vintage — most contemporaries contracted De La Rue or Waterlow. The year notation follows the Republic of China calendar, year 11 corresponding to 1922.

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