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10 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Value | 10 Yuan (10元, 拾圓) (10 CNY) |
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| Obverse description | Central vignette in intaglio presents a factory worker and a peasant woman carrying a sheaf of grain, rendered against a cloud-filled sky; two ornate guilloche rosettes bearing the Chinese characters for the denomination flank the vignette on either side. The bank title in Chinese runs along the top border, the date 一九五三年 appears at the lower centre, and the numeral 10 is repeated in the lower corners, with two red seal impressions visible within the central design. |
|---|---|
| Obverse lettering | 中國人民銀行 拾 拾 圓 圓 一九五三年 |
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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.