10 Yuan Central Bank of China

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.