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10 Yuan

Issuer People's Bank of China
Year 1949
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Composition Paper
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Obverse lettering 行銀民人國中 拾 圓 年八十三國民華中
(Translation: People's Bank of China Ten Yuan Year 38 of the Chinese Republic)
Reverse description The reverse is printed entirely in red and composed of intricate guilloche latticework and floral underprint patterns framing a central panel. The numeral 10 appears prominently at center within a rosette medallion, flanked on either side by the Chinese characters 拾圓. The bank name 中國人民銀行 is inscribed across the top, with the year 1949 set within a banner at the lower center.
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Comments

P#815 belongs to the first series of Renminbi, introduced as the Communists consolidated military control across the mainland in late 1948 and through 1949. The People's Bank of China had been formally established in December 1948 through the merger of three regional banks — the Huabei Bank, Beihai Bank, and Xibei Nongmin Bank — and the first series was effectively a unification exercise, replacing a chaotic patchwork of regional Communist currencies with a single national issue.

Multiple printers produced notes within this series under difficult wartime conditions, and the 10 Yuan denomination alone exists in several distinct varieties with differing printing origins. Authentication matters here: forgeries of first series notes circulated even contemporaneously.

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