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50 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| In circulation to | 1955 |
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|---|---|
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| Reverse description | Central vignette in blue intaglio presents a truck on a mountain road flanked by electricity transmission pylons, evoking industrial and infrastructural development. The numeral '50' appears in large figures within scalloped rosettes at left and right, framed by a fine guilloche border. The issuer name in Chinese characters is positioned at the top and the year '1949' is printed along the lower border. |
| Reverse lettering | 中國人民銀行 50 1949 (Translation: People's Bank of China) |
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| Comments |
This note belongs to the First Series Renminbi, issued while the civil war between the Communists and Nationalists was still technically unresolved — the People's Republic wasn't formally proclaimed until October 1949. The People's Bank of China had already been established in December 1948, and the first series was printed under genuinely difficult conditions, with multiple printing facilities across liberated zones producing notes that show considerable variation in paper quality and ink consistency across the run.
P#827 is among the more common denominations of the first series, though "common" is relative — the entire First Series RMB was demonetized in 1955 at a conversion rate of 10,000 old yuan to 1 new yuan.