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25 Yuan

Issuer Hulunbuir Commercial Bank (呼倫貝爾商務官錢局)
Year 1919
Type Local banknote
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Obverse description Printed in blue and orange on cream paper, the obverse centres on a fine line-engraved vignette of a traditional Chinese official building, flanked by large denomination numerals in Mongolian script. The issuer's name 呼倫貝爾商務官錢局 runs across the top, with the Republican-era date inscription along the left margin and a serial number at the upper right. Red official seal impressions appear at the lower centre, and the entire face is enclosed within a guilloche border.
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Reverse lettering 貳拾伍圓
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Comments

The Hulunbuir Commercial Bank was a regional issuer operating in what is now Inner Mongolia, a zone of genuine political instability in 1919 — the year the note was issued falls squarely in the warlord period, when central banking authority from Beijing was largely theoretical in frontier territories. Local institutions like this one filled the vacuum, but their notes were accepted only within tightly bounded commercial circuits, often tied to specific trade routes or merchant communities.

The 25 yuan denomination is an awkward one by any standard, suggesting the series was calibrated to local transaction sizes rather than national conventions. Notes from this issuer across all denominations are rare in any grade; the bank's operational lifespan was short and its circulation area narrow.

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