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20 Sen

Issuer Bank of Chosen (朝鮮銀行)
Year 1919
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Value 20 Sen (0.20)
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Reverse description The reverse carries bilingual text in English and Russian set within a plain typographic layout, stating the bank's promise to pay the bearer on demand and specifying exchangeability for Japanese currency at the bank's Manchurian offices. The denomination '20' appears at left and right in large numerals, with the Cyrillic rendering '20 Сенъ' and the English legend 'The Bank of Chosen Promises to Pay the Bearer on Demand Twenty Sen' arranged in horizontal bands across the centre.
Reverse lettering 20 Сенъ Бонъ Ціосенъ Банка 20 Сенъ The Bank of Chosen Promises to Pay the Bearer on Demand Twenty Sen 20 IN JAPANESE CURRENCY IN ANY OF ITS MANCHURIAN OFFICES Обмѣниваетен на Японскую Монету къ Отлѣленіяхъ Банка въ Манъчжуріи
(Translation: 20 Sen Bank of Joseon, Exchangeable for Japanese Coin to Bank Branches in Manchuria)
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Comments

The Bank of Chōsen — the Japanese colonial central bank established in Korea in 1909 — issued fractional sen notes during the First World War and its immediate aftermath because the global shortage of silver had made small coin production economically unviable. This 20 Sen belongs to that wartime and postwar fractional currency program, which was itself an extension of Japanese monetary policy across the colonial sphere rather than a response to any condition specific to Korea.

The series was short-lived by design. Once metal supplies stabilized and coin production resumed, these notes were withdrawn. Surviving examples in any condition are scarcer than their original print runs might suggest.

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