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10 Yuan Central Bank of China

Issuer Central Bank of China
Year 1942
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Currency Yuan (1912-1948)
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Reverse description The reverse carries a central intaglio vignette in blue showing a uniformed soldier standing atop the Great Wall of China, bugle raised to his lips and rifle slung over his shoulder, with the Wall's crenellated battlements and rolling terrain receding into the distance. A large guilloche numeral panel bearing "10" occupies the right side, while a circular watermark window is reserved at left. The denomination, date, and issuer's English title appear in scrollwork cartouches and panel inscriptions across the design.
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Protection type Watermark
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Comments

By 1942, the Central Bank of China had largely lost access to its prewar foreign printers as Japanese advances disrupted supply chains and communications. That De La Rue in London was still producing notes for the Nationalist government at this date reflects the wartime arrangement routed through Free China's diplomatic channels — a supply line that would grow increasingly strained as the Pacific war deepened.

The watermark on P#245 issues is the primary authentication feature, as wartime counterfeit pressure from Japanese-sponsored currency operations in occupied territories was severe and deliberate — Tokyo's economic warfare strategy explicitly targeted Nationalist paper money.

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