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5 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1948 |
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| Value | Log in to see details |
| Currency | First Rénmínbì (1948-1949) |
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|---|---|
| Obverse lettering | 中國人民銀行 伍圓 中華民國三十七年 (Translation: People's Bank of China / Five Yuan / Year 37 of the Chinese Republic) |
| Reverse description | A dense geometric guilloche underprint fills the central oval, within which the denomination character 伍 is set in bold relief. The numeral 5 occupies each of the four corner panels, flanked by pillar ornaments and foliate scroll borders that frame the overall composition; the bank name 中國人民銀行 runs along the top margin, with the year 1948 inscribed at the foot. |
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| Comments |
This is among the earliest issues of the People's Bank of China, established on 1 December 1948 — just weeks before this and other inaugural series notes entered circulation. The bank was founded by merging three communist-controlled regional banks: the Huabei Bank, the Beihai Bank, and the Xibei Nongmin Bank. Unifying the currency across liberated territories was as much a political act as an economic one, with Nationalist-issued fabi and gold yuan notes still circulating in areas yet to fall.
Print quality across the early PBC issues was inconsistent; production was distributed across multiple facilities operating under wartime conditions.