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2 Jiao
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Composition | Log in to see details |
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| In circulation to | 1 January 1999 |
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| Obverse description | Central vignette of a steam locomotive advancing along railway tracks toward the viewer, set against an industrial landscape with mountains in the background, printed in dark grey intaglio. The bank title in Chinese characters runs across the top panel within a decorative border, while the denomination 貳角 appears in an ornate scrollwork cartouche at right. Two red seal impressions flank the lower portion of the denomination cartouche, and the serial number is printed in red at upper left. |
|---|---|
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| Reverse lettering | 中國人民銀行 貳角 1953 |
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| Comments |
The third series of People's Bank of China notes was designed domestically but printed in the Soviet Union by Goznak — a direct consequence of the Sino-Soviet friendship arrangements of the early 1950s. This 2 Jiao belongs to that cohort. Soviet printing quality was generally high, and the Goznak relationship gave Chinese monetary authorities access to intaglio techniques they had not yet fully developed at home.
The series was not released into circulation until 1955, despite the 1953 date. A two-year gap between dating and issue was deliberate — the government was simultaneously withdrawing the heavily inflated second series notes at a conversion rate of 10,000 to 1.