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10 Dollars

Issuer Hsing Yeh Bank of Jehol
Year 1920
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Value 10 Dollars
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Obverse lettering 興業銀行
拾圓
熱河
中華民國九年
此券在本省分文者行
兌換大洋通用
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Reverse lettering HSING YEH BANK OF JEHOL
TEN Dollars
10
JEHOL
EXCHANGE NOTE
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Comments

The Hsing Yeh Bank of Jehol was a provincial institution operating in what is now northeastern China — a region that sat uneasily between Chinese Republican authority, warlord control, and eventually Japanese imperial ambition. By 1920, Jehol province was under the effective grip of local military commanders whose backing of regional banks was as much about financing operations as facilitating commerce.

Provincial bank notes from this period were frequently refused outside their immediate issuing district, and redemption was never guaranteed. The Pick SNL designation reflects how little documentation survives for this institution — most Jehol paper currency from this era simply did not outlast the political chaos that followed.

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