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10 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1940 |
| Type | Standard circulation banknote |
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| Obverse description | The bank title in Chinese characters arches across the top of the note, with the denomination in Chinese numerals flanking the central vignette on either side. A portrait of Dr. Sun Yat-sen occupies the center. The date inscription reading the 29th Year of the Republic appears along the lower margin. |
|---|---|
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| Reverse lettering | 10 THE CENTRAL RESERVE BANK OF CHINA TEN YUAN |
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| Comments |
The Central Reserve Bank of China was established in Nanjing in January 1941 as the primary financial instrument of the Wang Jingwei collaborationist government — but this note predates the bank's formal opening, which places it among the earliest issues produced in anticipation of the regime's launch. The institution was designed explicitly to displace the Nationalist fabi currency across Japanese-occupied central China, and notes were backed by little more than occupation authority.
Printed by the Japanese firm Toppan Printing Co., the series circulated across a zone where currency acceptance was enforced rather than voluntary. Counterfeiting pressure on Wang-era issues was substantial and documented.