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10 cents Agricultural and Industrial Bank of China
| Issuer | Agricultural and Industrial Bank of China |
|---|---|
| Year | 1927 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Purple guilloche design with dense lathe-work filling the entire field. A central cartouche carries the English inscription TEN CENTS in large letters, with the exchange clause TEN 10 CENTS NOTES TO BE EXCHANGED FOR ONE YUAN NATIONAL CURRENCY immediately below. The denomination numeral 10 appears in large figures at both left and right within ornamental frames, surmounted by the Chinese characters 壹角. The issuer name THE AGRICULTURAL AND INDUSTRIAL BANK OF CHINA is set across the top, with the date FEBRUARY 1st 1927 in a ruled panel at the lower centre, and the printer imprint BUREAU OF ENGRAVING AND PRINTING, PEKING, CHINA at the foot. |
| Reverse lettering | THE AGRICULTURAL AND INDUSTRIAL BANK OF CHINA 壹角 10 CENTS TEN CENTS TEN 10 CENTS NOTES TO BE EXCHANGED FOR ONE YUAN NATIONAL CURRENCY FEBRUARY 1st 1927 BUREAU OF ENGRAVING AND PRINTING, PEKING, CHINA |
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| Comments |
The Agricultural and Industrial Bank of China was established in 1927 under the Nationalist government as part of an effort to consolidate state financial institutions and direct credit toward rural and industrial development — a policy ambition that outpaced the bank's actual operational reach. Small-denomination notes like this 10-cent piece were intended for everyday transactional use in markets where coin shortages were chronic, particularly in northern China.
The Bureau of Engraving and Printing in Peking was the principal domestic security printer of the period, though its output quality varied considerably across runs. The bank itself was short-lived; restructuring of the Nationalist banking system in the early 1930s rendered many of its instruments obsolete before they saw heavy use.