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2 Jiao / 20 Cents Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1940 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Printer | Log in to see details |
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|---|---|
| Obverse lettering | 行銀央中 角貳 年九十二國民華中 司公限有局書華中 (Translation: Central Bank of China Two Jiao Republic of China year 29 Chung Hwa Book Co. Ltd.) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA TWENTY CENTS 1940 CHUNG HWA BOOK CO. LTD. |
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| Comments |
The Central Bank of China's 1940 small denomination issues were printed under increasingly difficult conditions — Japanese forces had occupied Shanghai's International Settlement perimeter, and the city's printing industry operated in a strange twilight of continued commercial function and wartime pressure. Chung Hwa Book Co. was one of the few domestic printers with the technical capacity to handle currency work, and the Bank leaned on it heavily as access to foreign printers like American Bank Note Company became logistically complicated.
The 20-cent denomination served a genuine transactional need in a period of accelerating inflation, though its purchasing power eroded quickly after issue.