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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 | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Portrait of Sun Yat-sen in an oval vignette at right, printed in dark blue-black intaglio on a light blue guilloche ground. The denomination 貳角 is displayed in a central scalloped medallion with intricate lathe-work surround, flanked by two red seal chops, while the bank title 中央銀行 runs in large characters across the upper margin. The Republican calendar year and the printer's imprint appear along the lower margin. |
|---|---|
| Obverse lettering | Log in to see details |
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| 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.