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10 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1944 |
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| Composition | Log in to see details |
| Size | 156 × 78 mm |
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| Obverse description | Purple intaglio print on multicolour underprint. A portrait vignette of a Chinese historical figure occupies the right portion of the face, while a circular guilloche medallion bearing the numeral '10' is positioned at left. The bank title 中國聯合準備銀行 runs along the upper border, with the denomination 拾圓 in large Chinese script at centre and serial number prefixes printed in both side margins. |
|---|---|
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| Reverse lettering | 中國聯合準備銀行 |
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| Comments |
The Federal Reserve Bank of China was a Japanese-controlled institution operating in occupied northern China, established in 1938 under the Wang Kemin collaborationist government in Beijing. Its notes circulated in Japanese-occupied territories and were explicitly designed to displace the Nationalist fabi currency — a deliberate monetary weapon rather than an ordinary banking instrument.
By 1944, the FRB was issuing notes in rapidly escalating denominations as wartime inflation eroded purchasing power across occupied China. This 10 Yuan is part of a series that would be rendered worthless within a year of issue, following Japan's surrender in August 1945 and the subsequent collapse of all collaborationist currency systems.