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20 Cents Kwangtung Provincial Bank

Issuer Kwangtung Provincial Bank
Year 1935
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Value 20 Cents (0.20)
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Obverse lettering 行銀省東廣 券毫銀 毫貳 毫銀換兌券憑 年四十二國民華中 司公票鈔國美
(Translation: Kwangtung Provincial Bank Silver cent note 20 Cents Voucher exchangeable for silver cents Year 24 of the Republic of China American Bank Note Company)
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Reverse lettering THE KWANGTUNG PROVINCIAL BANK 1935 PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE TWENTY CENTS LOCAL CURRENCY AMERICAN BANK NOTE COMPANY
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The Kwangtung Provincial Bank operated under the Guangdong provincial government, which through much of the early 1930s maintained a degree of financial autonomy from the Nationalist central government in Nanjing — an autonomy that made institutions like this one politically as well as economically significant. By 1935, that independence was narrowing fast, and the provincial bank's days as a genuinely autonomous issuer were numbered.

ABNC's involvement was typical of Chinese provincial banking in this period — domestic printing capacity for secure currency was limited, and American Bank Note held contracts across multiple competing Chinese authorities simultaneously.

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