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10 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1965 |
| Type | Log in to see details |
| Value | 10 Yuan (10元, 拾圓) (10 CNY) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中國人民銀行 拾圓 SHI YUAN 1965 |
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| Protection type | Watermark |
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| Comments |
The 1965 series was the third set of Renminbi issued by the People's Bank, introduced as part of a broader currency rationalization following the economic disruptions of the Great Leap Forward. Several high denominations were deliberately omitted from the series — the 1 Yuan note, for instance, was carried over unchanged from the second series rather than redesigned, a quiet acknowledgment of printing resource constraints.
The 10 Yuan is the highest denomination in the 1965 issue, a distinction that made it a preferred vehicle for the informal savings habits common during the Maoist period, when bank deposit trust was low. Many examples show folds consistent with long-term folded storage rather than active transaction use.