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| 背面描述 | Left portion carries a scenic landscape vignette of a multi-storey pagoda set among trees and low buildings, executed in detailed intaglio line engraving. To the right, a large guilloche rosette frames the numeral 10 at centre, providing an anti-counterfeiting underprint element. The bank name in Chinese characters is positioned at the top, the year 1949 appears in a panel along the lower edge, and the entire field is enclosed within an elaborate guilloche border. |
| 背面铭文 | 行銀民人國中 10 1949 (Translation: People's Bank of China) |
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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.