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10 Yuan Central Bank of Manchukuo

Issuer Central Bank of Manchukuo
Year 1937
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Currency Yuan (1934-1945)
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Obverse description Brown-toned note printed in grey ink with an ornate chain-link border enclosing the central design. The vignette at centre presents a portrait of Zhao Gongming (Marshal Chao Kung Ming, the God of Wealth), flanked by the denomination numeral '10' in the lower corners. The issuer title appears in Chinese characters across the upper field, with two official seals printed in red ink.
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Reverse lettering 行銀央中洲滿
拾圆
(Translation: Central Bank of Manchukuo 10 Yuan)
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Comments

Manchukuo's Central Bank was established in 1932 as part of Japan's apparatus for extracting resources from northeast China, and its currency was pegged to the Japanese yen at par — a monetary arrangement that functioned primarily as a transfer mechanism. By 1937, with full-scale war underway across China proper, note production was accelerating to keep pace with military expenditure and colonial administration.

P#J132 was printed in Japan. The "J" prefix in the Pick classification denotes Japanese occupation and puppet-state issues, a cataloging convention that reflects the political reality the issuing authority was designed to obscure.

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