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10 Yuan / Dollars Central Bank of China

Issuer Central Bank of China
Year 1928
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Shape Rectangular
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Reverse description The reverse is printed in green and carries an intaglio portrait of Sun Yat-sen within an oval vignette at centre, executed in fine line engraving in the American Bank Note Company style. Numerals "10" appear in large guilloche frames to the left and right of the portrait, with dense lathe-work and microtext underprint filling the field. Signature lines for the Assistant General Manager and General Manager appear below the portrait, with ornamental scrollwork borders framing the entire composition.
Reverse lettering THE CENTRAL BANK OF CHINA PROMISES TO PAY BEARER ON DEMAND AT ITS OFFICE HERE TEN DOLLARS NATIONAL CURRENCY. SHANGHAI 1928 AMERICAN BANK NOTE COMPANY.
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The Central Bank of China was only formally reconstituted under Nationalist (Kuomintang) government authority in November 1928, making this one of the earliest issues from the reorganized institution. The note predates the Nanjing decade's relative monetary stability and was printed before the bank had fully consolidated control over China's fractured currency system — rival provincial banks and foreign-chartered institutions were still issuing competing paper across major commercial centers.

American Bank Note Company had a long-standing relationship with Chinese issuing authorities, and the New York production meant finished notes had to be shipped across the Pacific before entering circulation — a logistics chain that occasionally created supply gaps during periods of political disruption.

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