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10 Yuan Bank of Central China

Issuer Bank of Central China (中華銀行)
Year 1945
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Currency Yuan (1935-1946)
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Reverse description Printed in olive-green, the reverse is dominated by two large guilloche medallions bearing the numeral 10, positioned symmetrically at left and right. A central decorative cartouche with fine lathe-work underprint occupies the middle of the design, flanked by scrolling foliate vignettes. The numeral 10 also appears in smaller form at upper centre, with Chinese characters inscribed within the central panel.
Reverse lettering 10
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Comments

The Bank of Central China was a Communist-controlled institution operating in the liberated zones of central China during the final phase of the Second Sino-Japanese War. Notes issued in 1945 circulated in areas where the New Fourth Army held effective control — territories that shifted rapidly and where multiple competing currencies were in simultaneous use, including Japanese military yen, puppet bank notes, and Nationalist fabi.

Survival rates for these regional Communist-issued notes are genuinely low. Most were either demonetized and exchanged during post-war currency consolidations or simply wore out in areas with limited banking infrastructure. The Pick S-prefix itself signals regional rather than national issue status.

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