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5 Yuan / Dollars Central Bank of China

Issuer Central Bank of China
Year 1928
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Value 5 Yuan = 5 Dollars
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Reverse description Red-orange note with intricate guilloche underprint. A portrait vignette of Sun Yat-sen is positioned at the right, in uniform. The denomination "FIVE DOLLARS" within an ornate cartouche appears at centre-left, with the bank title at top and the place and date inscription at lower centre. Serial numbers are printed at upper left and right.
Reverse lettering THE CENTRAL BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE FIVE DOLLARS NATIONAL CURRENCY. SHANGHAI 1928 AMERICAN BANK NOTE COMPANY.
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The Central Bank of China was only formally reconstituted under Nationalist government authority in November 1928, making this note one of the earliest issues from the reorganized institution. The bank had existed in various forms since 1924, but the 1928 restructuring under the Nanjing government gave it genuine central banking powers — this issue belongs to that transitional moment before the bank had fully consolidated currency control across the country.

American Bank Note Company held a long relationship with successive Chinese governments, and their New York plant produced numerous issues for competing authorities during the warlord period. The ABNC imprint here signals Nationalist prestige as much as printing logistics.

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