Catalog
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| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Reference(s) | P#814 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中国人民银行 伍圓 (Translation: People's Bank of China 5 Yuan) |
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| Reverse lettering | 中国人民银行 伍 1949 (Translation: People's Bank of China 5 1949) |
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| Comments |
The third series of People's Bank of China notes issued in 1949 came during an extraordinary period of monetary chaos — the Nationalist government's gold yuan had already collapsed catastrophically, wiping out savings across the country, and the incoming communist administration was under enormous pressure to establish credibility for its new currency. The renminbi notes of this period were printed under difficult wartime-to-peacetime transition conditions, often across multiple facilities with inconsistent quality control.
This is a replica, not an original issue. Genuine P#814 examples are scarce; reproductions circulate widely among collectors as space-fillers.