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10 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 140 x 63 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀民人國中 圓拾 年八十三國民華中 (Translation: People's Bank of China Ten Yuan Year 38 of the Chinese Republic) |
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| Reverse lettering | 行銀民人國中 10 1949 (Translation: People's Bank of China) |
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| Comments |
This note belongs to the first series of Renminbi, issued in the chaotic final months of the civil war as Communist forces consolidated territory faster than a coherent banking infrastructure could follow. The People's Bank of China had been formally established only in December 1948, and the early first-series notes were printed by multiple regional facilities under widely varying conditions — which is precisely why paper quality, ink saturation, and registration consistency differ so markedly across surviving examples of even the same denomination and design.
First-series RMB was demonetized in 1955 and exchanged at 10,000 old yuan to one new yuan, giving holders little incentive to preserve low-denomination notes.