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25 Yuan Bank of Communications

Issuer Bank of Communications
Year 1941
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Value 25 Yuan
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Obverse description Central vignette within an arched frame presents a composite industrial scene with electrical transmission pylons, a large generator or turbine in the foreground, a steamship at left, a locomotive at right, and an aircraft and airship visible in the sky above. The denomination 貳拾伍圓 appears in Chinese characters on both lateral panels alongside guilloche rosette underprints in pink, with the bank title 交通銀行 across the top in large Chinese characters. Two red serial numbers are printed upper left and lower right.
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Reverse description Central vignette of a monoplane in flight viewed from below, soaring over a broad rural landscape with winding river and scattered settlements visible below. The numeral 25 appears in ornate cartouches at all four corners against a dark green guilloche border, with two manuscript signatures flanking the denomination panel at the lower centre. Printer's imprint appears at the very foot of the note below the date.
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Comments

The Bank of Communications had operated under varying degrees of government control since 1908, but by 1941 its note issues were entirely subordinate to Chongqing's wartime financial priorities. The Nationalist government was funding resistance against Japanese occupation partly through currency expansion, and denominations like this 25 Yuan — an odd unit by any peacetime standard — reflected inflationary pressure already distorting the monetary system well before the postwar hyperinflation that ultimately destroyed the fabi.

American Bank Note Company continued fulfilling Chinese contracts from New York throughout the Pacific War, shipping finished notes via routes that grew increasingly complicated after December 1941.

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