Catalog
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| Issuer | Kwangtung Provincial Bank |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 5 Yuan |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 廣東省銀行 大洋票 伍圓 中華民國三十八年 中華書局股份有限公司 |
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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.