10 Yuan / Dollars Canton

By mid-1949, the Central Bank of China was issuing Silver Yuan notes as a replacement for the catastrophically failed Gold Yuan, which had collapsed within a year and wiped out the savings of millions. The Silver Yuan series was itself largely fictitious — there was no meaningful silver reserve backing it, and the Nationalist government was already losing the mainland. This note was printed in Shanghai even as Communist forces were closing on the city; the PLA entered Shanghai in May 1949.

Chung Hua Book Co. was a commercial publisher pressed into currency printing during the final Nationalist collapse, and production quality across the series varies noticeably as a result.