Catalog
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| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Value | Log in to see details |
| Currency | Second Rénmínbì (1955-date) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中國人民銀行 伍角 一九五三年 (Translation: People's Bank of China, Five Jiao, Year 1953) |
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| Reverse lettering | 中國人民銀行 伍角 1953 |
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| Comments |
This denomination was part of the second series of Renminbi, which China could not print domestically in sufficient volume during the early 1950s — Goznak in Moscow produced several of the second series notes under a Sino-Soviet technical cooperation arrangement. The relationship was close enough that Soviet engravers had direct input on the intaglio work, which is visible in the finished quality.
When Sino-Soviet relations collapsed after 1960, the printing plates and technical files held in Moscow became a politically sensitive matter. China did not publicly acknowledge Goznak's involvement for decades.