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5 Cents Kwangtung Provincial Bank
| Issuer | Kwangtung Provincial Bank |
|---|---|
| Year | 1949 |
| Type | Local banknote |
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| Obverse description | Purple intaglio print on green guilloche underprint. Portrait of Sun Yat-sen positioned to the left. Red plate letters and official seals applied over the face design. |
|---|---|
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| Reverse description | Unprinted reverse with a light tan paper tone; faint show-through of the obverse design elements and red seals is visible through the thin paper stock. |
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| Comments |
Kwangtung Provincial Bank issued this fractional note in 1949 as the Nationalist financial system was collapsing under hyperinflation — the People's Liberation Army took Guangzhou in October of that year, ending the bank's operations entirely. Notes of this series had almost no functional lifespan, issued into a currency environment where public confidence had already evaporated.
The extreme small denomination in cents, at a moment when millions of yuan could not buy a meal, tells you everything about the monetary disorder of those final months.