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| 表面の説明 | ログイン して詳細を見る |
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| 表面の銘文 | ログイン して詳細を見る |
| 裏面の説明 | Blue and dark red bicolour print with interlocking guilloche rosettes and lathe-work borders forming the principal decorative field. The bank title THE CENTRAL RESERVE BANK OF CHINA is set in a dark panel across the top, flanked by scrollwork ornaments. The denomination numeral 20 appears in large white figures at left and right within lobed guilloche frames, with TWENTY CENTS inscribed on a central banner over a floral rosette; the date 1940 is placed below at centre. Two facsimile signatures — Governor at left and Vice Governor at right — appear above their respective titles, with the printer's imprint WATSON PRINTING COMPANY at the foot. |
| 裏面の銘文 | ログイン して詳細を見る |
| 署名 | F.H. Chow (Governor) and T.K. Chien (Vice Governor) |
| 偽造防止技術 | ログイン して詳細を見る |
| 偽造防止の説明 | ログイン して詳細を見る |
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The Central Reserve Bank of China was a puppet institution established in Nanjing in January 1941 under the Wang Jingwei collaborationist government — which makes a 1940 date on this note worth a second look. The date almost certainly reflects the anticipated opening of the bank rather than actual issue, a common practice in pre-launch note production where printing preceded formal authorization by months.
Watson Printing Company (華成印刷有限公司) was a Shanghai-based firm used frequently for occupation-era currency, chosen for logistical convenience rather than security printing credentials. Notes from this series are known to show inconsistent ink saturation across the run.