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50 Fen
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1938 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in orange ink on cream-coloured paper, the obverse centres on a vignette of the Marco Polo Bridge (Lugou Bridge), flanked on both sides by the denomination in Chinese characters. Red official seals appear on either side of the central design, with the bank title inscription across the upper field. |
|---|---|
| Obverse lettering | 行銀備準合聯國中 (Translation: United Reserve Bank of China) |
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| Comments |
The Federal Reserve Bank of China was a Japanese puppet institution established in Peiping in March 1938, created specifically to manage currency in Japanese-occupied northern China. Its notes displaced the fabi — the Nationalist legal tender — through a combination of administrative force and exchange mechanisms that compelled civilians to convert. The 50 Fen denomination served the lower end of daily commerce in an economy deliberately kept dependent on Japanese-controlled monetary infrastructure.
The J-prefix in the Pick reference signals its classification among Japanese occupation issues, a distinction that matters for provenance.