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10 Yuan
| Issuer | Chi Tung Bank |
|---|---|
| Year | 1937 |
| Type | Log in to see details |
| Value | 10 Yuan |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Olive-brown on pale underprint. Two large numeral 10 medallions with intricate guilloche rosettes flank a central cartouche bearing the Chinese characters for ten yuan. Bank name in Chinese characters appears at top, with Latin legend "10 YUAN" along the lower margin. |
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| Variants | P#J116s1 - Specimen (English) P#J116s2 - Specimen with overprint: Yang Pen and Specimen on face and back. Perforated serial # |
| Comments |
The Chi Tung Bank was not a conventional commercial institution — it was established in 1936 under Japanese sponsorship to serve the East Hebei Autonomous Council, the puppet administration carved out of northeastern Hebei province after Japan pressured the Nationalist government into demilitarizing the region. The bank's notes functioned as an occupation currency before the broader invasion of July 1937 made such administrative fictions redundant.
By the time this 10 Yuan was issued, the East Hebei regime had already been absorbed into the Provisional Government of the Republic of China. The Chi Tung Bank itself was wound down and replaced by the Federal Reserve Bank of China in 1938, which kept some of the earlier note designs briefly in parallel circulation.