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5 Yuan Kwangtung Provincial Bank
| Issuer | Kwangtung Provincial Bank |
|---|---|
| Year | 1949 |
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| Value | Log in to see details |
| Currency | Yuan (1914-1949) |
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| Obverse description | Intaglio portrait of Dr. Sun Yat-sen in an oval vignette at left, rendered in fine engine-turned guilloche work against a dark underprint. The bank title 廣東省銀行 appears at upper right in large Chinese characters, with the denomination 伍圓 and note type 大洋票 flanking the central rosette vignette. The four corners carry the denomination character 伍 within ornate cartouches, and two red chop marks are applied to the central field; the date 中華民國三十八年 and printer's imprint appear along the lower margin. |
|---|---|
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| Reverse lettering | THE KWANGTUNG PROVINCIAL BANK FIVE YUAN 5 1949 CHUNG HWA BOOK CO., LTD. |
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| Comments |
The Kwangtung Provincial Bank's 1949 issues came at the worst possible moment for any provincial institution trying to maintain credibility. The Nationalist government's currency had already collapsed under hyperinflation, and provincial banks across southern China were scrambling to issue their own notes in a last attempt to maintain local commercial function as Communist forces moved south. Kwangtung's geographic position made it one of the final holdouts.
Chung Hwa Book Co. in Shanghai was one of the most capable commercial printers in China at the time, handling both banknote and securities work — though by mid-1949, Shanghai itself had fallen to the PLA, raising genuine questions about when exactly this note was printed and whether the full order was ever delivered.