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20 Yuan Year of the Dragon

Issuer People's Bank of China
Year 2024
Type Commemorative banknote
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Obverse description Vertically oriented note in orange, yellow, green, red, and black. The national emblem of the People's Republic of China appears at upper centre, above a large dragon vignette executed in rich orange and gold tones that dominates the face. The denomination is rendered in green SPARK optical variable ink at lower centre, with the issuer inscription in Chinese characters running along the vertical axis.
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Protection description Green SPARK optical variable ink on the denomination numeral on the obverse, shifting colour when tilted; polymer substrate incorporates a transparent window as an inherent security feature.
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China's polymer commemorative notes have followed a consistent pattern since the 2000 Millennium issue — limited print runs, collector-oriented distribution, and negligible actual circulation. This 2024 Dragon note continues that tradition, issued to mark the Year of the Dragon in the sexagenary cycle. The transparent window element is integrated into the polymer substrate itself rather than applied as a separate foil patch, a distinction worth noting for those comparing security architecture across China's polymer issues.

The China Banknote Printing and Minting Corporation has produced all of the PBC's polymer commemoratives domestically, unlike some earlier Chinese notes that relied on overseas printers.

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