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5 Yuan Farmers Bank of China
| Issuer | Farmers Bank of China |
|---|---|
| Year | 1935 |
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| Value | Log in to see details |
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| Printer | Thomas De La Rue & Company Limited, London, United Kingdom |
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|---|---|
| Obverse lettering | 行銀民農國中 伍 圓 伍國即憑 圓幣付票 印年四十二國民華中 司公鈔印羅納德 (Translation: The Farmers Bank of China 5 Yuan Will pay the national currency for this note Printed in the 24th year of the Republic of China) |
| Reverse description | Log in to see details |
| Reverse lettering | THE FARMERS BANK OF CHINA PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE FIVE YUAN NATIONAL CURRENCY THOMAS DE LA RUE & COMPANY LIMITED LONDON |
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| Comments |
The Farmers Bank of China was established in 1933 under the Nationalist government primarily to address rural credit — a chronic structural problem that older commercial banks had no interest in solving. By 1935, the bank had been absorbed into the broader currency reform pushed through by T.V. Soong and H.H. Kung, which unified China's paper currency and took the country off silver. This note is a direct product of that reform: the Farmers Bank became one of four institutions authorized to issue fabi, the new legal tender.
De La Rue's London production gave the series a level of technical security that domestic Chinese printing could not match at the time, with the watermarked cotton stock being a deliberate anti-counterfeiting measure in a period when forgery of Chinese notes was rampant.