10 Cents Kiangsi Provincial Bank

Kiangsi Provincial Bank issued paper currency deep into 1949 — a year when the People's Liberation Army was systematically taking provincial capitals across China and Nationalist-linked institutions were scrambling to maintain any semblance of monetary function. By May 1949, Nanchang had fallen. Notes printed that year by the Kiangsi United Printing Works were, in many cases, issued into a collapsing economy and quickly rendered worthless by the incoming Communist administration's currency unification under the renminbi.

The Kiangsi United Printing Works was a provincial facility, not one of the major commercial printers, which accounts for the modest production quality typical of this series.