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2 Jiao / 20 Cents Bank of China

Issuer Bank of China
Year 1914
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Shape Rectangular
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Reverse description The reverse is printed entirely in red-orange on a light ground, dominated by a large central guilloche rosette design with the numeral 20 repeated at left and right. The text BANK OF CHINA arches across the top in bold serif lettering, with CENTS below the flanking numerals. Two manuscript signatures appear above the date line reading DECEMBER 1ST, 1914, with the word MANCHURIA printed in a rectangular panel at the bottom centre.
Reverse lettering BANK OF CHINA
20 CENTS
DECEMBER 1ST, 1914
MANCHURIA
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The Bank of China was reorganized from the Da-Qing Bank in 1912, just months after the Qing dynasty collapsed, and the 1914 fractional issues were among its earliest attempts to establish a functioning paper currency infrastructure for the new Republic. Small-denomination notes like this one were notoriously prone to being refused or heavily discounted in provincial markets, where local banks and foreign concession banks commanded far greater public trust.

The P#36 is known with regional overprints for specific branches, and provenance tracking those variants is considerably more complex than for the main series.

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