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5 Yuan Bank of Kuantung

Issuer Bank of Kuantung (關東銀行)
Year 1948
Type Standard circulation banknote
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Obverse description Central vignette of a mountain lake landscape with rocky cliffs, framed by an ornate guilloche border with floral corner ornaments. The bank title 關東銀行 appears at top centre in Chinese characters, with the denomination 伍圓 repeated in vertical panels on either side. Serial number prefix and numerals are printed in red at upper left and upper right, and two red seal stamps appear at lower left and lower right; an inscription panel at the bottom reads 中華民國三拾柒年印.
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Reverse description Central oval vignette of a passenger steamship underway on open seas, set within an elaborate guilloche frame. The numeral 5 appears in large format on both the left and right panels against a fine engine-turned underprint. The year 1948 is inscribed in a decorative banner at the bottom centre of the note.
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The Bank of Kuantung (關東銀行) was a short-lived regional institution operating in the Kwantung Leased Territory — the peninsula around Dalian and Lüshun (Port Arthur) that had passed from Russian to Japanese control after 1905 and back into Soviet-administered limbo following Japan's 1945 surrender. By 1948 the political situation was resolving rapidly in favor of the Chinese Communists, and currency issued in this period functioned more as an administrative instrument of transitional authority than a conventional banking product.

Pick S3446 falls into a category of regional issues that circulated briefly before being absorbed or invalidated by the People's Bank system after 1949. Surviving examples in any grade are uncommon given the note's short practical lifespan.

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