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10 Yuan Bank of Kuantung
| Issuer | Kwan Tung Bank (關東銀行) |
|---|---|
| Year | 1948 |
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| Reference(s) | P#S3447 |
| Obverse description | Central vignette of a rocky mountain lake scene set within an oval frame with decorative scrollwork. The bank name 關東銀行 appears in Chinese characters across the top, flanked by serial number panels on either side, with the denomination 拾圓 printed vertically at left and right in large Chinese characters. A rectangular panel at the bottom carries the inscription 中華民國拾年印, all rendered in red on a light ground with a guilloche border. |
|---|---|
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| Reverse lettering | 10 1948 |
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| Comments |
The Kwan Tung Bank was established by the Soviet-backed Chinese Communist forces following the Soviet Red Army's occupation of Manchuria in 1945. This note dates from 1948, the critical year during which Communist forces consolidated control over the northeast ahead of the final campaigns of the Civil War — and the Kwan Tung Bank's currency was a deliberate tool for supplanting both Nationalist legal tender and the residual Soviet-issued "Red Army scrip" that had circulated chaotically after 1945.
The bank was short-lived. Once the People's Republic was established and the People's Bank of China unified the currency in 1949, Kwan Tung Bank notes were withdrawn rapidly. Surviving examples in any grade are genuinely scarce.