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10 Yuan Bank of China
| Issuer | Bank of China |
|---|---|
| Year | 1937 |
| Type | Standard circulation banknote |
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| Obverse description | At left, a bust portrait vignette of Sun Yat-sen faces three-quarters right, set against fine guilloche underprint patterns that extend across the note field. The central and right registers carry the bank title and denomination in Chinese characters, with a reserved watermark window occupying the right margin. The lower field bears a Chinese inscription recording the 26th year of the Republic of China. |
|---|---|
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| Reverse lettering | BANK OF CHINA TEN YUAN NATIONAL CURRENCY GENERAL MANAGER MANAGER 1937 |
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| Comments |
The Bank of China's 1937 series was printed by De La Rue in London well before the Japanese occupation of Shanghai disrupted the bank's operations, but the notes themselves were issued into a currency market already under severe pressure. The Second Sino-Japanese War broke out in July 1937, and circulation of this issue occurred against a backdrop of rapid monetary fragmentation as Japanese military authorities began introducing competing puppet-bank currencies across occupied territories.
De La Rue's contract work for Chinese banks during this period used intaglio printing of notably high quality — one reason these notes were difficult to counterfeit despite the chaos of wartime distribution.