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5 Jiao

Issuer People's Bank of China
Year 1953
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Currency Second Rénmínbì (1955-date)
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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.

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