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10 Yuan

Issuer People's Bank of China
Year 1953
Type Standard circulation banknote
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Reverse description The reverse is dominated by a large ornate guilloche frame enclosing the national emblem of the People's Republic of China — Tiananmen Gate surmounted by five stars — at the top centre, with the bank name and denomination in Chinese script below it. The inscription is repeated in three additional scripts arranged around the central field: Uyghur (Arabic script) to the left, Tibetan to the right, and Mongolian at the bottom, reflecting China's multilingual national policy. Numeral 10 appears in decorative cartouches at both sides, and the year 1953 is printed at the foot of the central panel.
Reverse lettering 中國人民銀行 拾 圓 1953
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Comments

This note belongs to the First Series of Renminbi, a currency introduced in 1948 to unify the dozens of regional currencies that had proliferated during the civil war period. By 1953, the People's Bank was still working through the consolidation — several denominations in the First Series carried dates that reflected printing schedules rather than issue dates, and the series as a whole remained in circulation well into the 1950s before being replaced by the Second Series in 1955.

The Beijing Banknote Printing Works, known as Beijing Yinshuachang, was established specifically to give the new government domestic printing capacity — a politically significant priority after decades of Chinese currency being produced abroad by firms like Waterlow & Sons or the American Bank Note Company.

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