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.
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.