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10 Yuan Farmers Bank of China

Issuer Farmers Bank of China
Year 1935
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Value 10 Yuan
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Obverse lettering 行銀民農國中 拾 圓 拾國即憑 圓幣付票 印年四十二國民華中 司公鈔印羅納德
(Translation: The Farmers Bank of China 10 Yuan Will pay the national currency for this note Printed in the 24th year of the Republic of China De La Rue printing company)
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Reverse lettering THE FARMERS BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE TEN YUAN NATIONAL CURRENCY THOMAS DE LA RUE & COMPANY, LIMITED. LONDON.
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The Farmers Bank of China was established in 1933 primarily to channel agricultural credit into rural areas, though in practice it quickly became absorbed into the broader Nationalist government apparatus and functioned alongside the other three government banks — Central Bank, Bank of China, and Bank of Communications — as part of Chiang Kai-shek's 1935 banking consolidation.

De La Rue's London production gives the note a print quality sharply above what Chinese domestic presses were delivering at the time. The 1935 series predates the fabi currency reform of November that same year, which nationalized silver and made notes like this the legal backbone of a dramatically restructured monetary system almost immediately after issue.

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