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10 Yuan Central Bank of China

Issuer Central Bank of China
Year 1935
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Value 10 Yuan
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Reverse description The reverse is dominated by a large central guilloche vignette bearing the numeral 10 and the legend YUAN, surrounded by intricate lathe-work patterns and an ornate border. The issuer's name THE CENTRAL BANK OF CHINA arches across the top with the promise-to-pay clause beneath it, while LOCAL CURRENCY and CHUNGKING appear in a banner at the bottom centre. Serial numbers are repeated at upper left and upper right, and two manuscript signatures appear below the central vignette.
Reverse lettering THE CENTRAL BANK OF CHINA
PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE
TEN YUAN
LOCAL CURRENCY
CHUNGKING
1935
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Comments

The Central Bank of China's 1935 series was predominantly printed by foreign security printers — the American Bank Note Company and others — making the Chungking-printed variant of P#208 an outlier. Local branch printing was uncommon for this issuer during the mid-1930s and typically signals either supply disruption or a deliberate attempt to service interior provinces without routing currency through coastal distribution networks.

The fabi reform of November 1935, which severed the yuan's silver backing and nationalized silver holdings, gave notes like this one their entire reason for existing at scale. Chungking's later importance as the wartime Nationalist capital lends some retrospective weight to its role here.

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