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10 Yuan / Dollars Chungking
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 行銀央中 券元銀 圓拾 重 慶 年八十三國民華中 (Translation: Central Bank of China Silver Yuan Note Ten Yuan Chongqing Year 38 of the Chinese Republic) |
| Reverse description | Central circular vignette of a Chinese junk under sail, rendered in red intaglio, surrounded by intricate guilloche lacework. The denomination "TEN SILVER DOLLARS" appears in large block lettering to the left, with the numeral "10" to the right, both framed by ornate scrollwork borders. The issuer's name in English runs along the top panel, with "CHUNGKING" repeated at lower left and right. |
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| Comments |
By early 1949, the Nationalist government's monetary situation had already collapsed. The Gold Yuan reform of 1948 had failed catastrophically within months, wiping out urban savings and triggering hyperinflation worse than what it replaced. This note belongs to the Silver Yuan series hastily introduced in February 1949 as a successor — itself worthless within weeks of issue, as the People's Liberation Army swept south and Chongqing fell in November of that year.
That the Central Bank was printing its own notes in Chongqing at this stage reflects how fragmented Nationalist financial infrastructure had become. The series circulated so briefly that survivor populations are uneven.