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5 Yuan Replica
| Issuer | People's Bank of China |
|---|---|
| Year | 1948 |
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| Composition | Paper |
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| Obverse description | Central vignette of sheep grazing at pasture; denomination in Chinese characters above two red official seals centered beneath the vignette. Bank name inscription runs across the upper register. |
|---|---|
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| Reverse lettering | 中国人民银行 伍 1948 (Translation: People's Bank of China 5 1948) |
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| Comments |
Pick 4 belongs to the inaugural series issued by the People's Bank of China, established on 1 December 1948 — just weeks after the bank itself was founded through the merger of three Communist-controlled regional banks as the People's Liberation Army consolidated territory ahead of final victory over Nationalist forces. The unified currency was a deliberate instrument of administrative control, replacing a chaotic patchwork of regional Communist currencies that had circulated across liberated zones.
The "Replica" designation here is significant: reproductions of this series are common, and genuine 1948-dated first-series renminbi notes are among the most scrutinized in Chinese paper money collecting.