70th Chinese Korean War Commemorative Banknote

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正面铭文	中国人民志愿军抗美援朝出国作战七十周年纪念 (Translation: Chinese People's Volunteers Resist US Aggression and Aid Korea Commemorating the 70th Anniversary of Fighting Abroad)
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背面铭文	중국 인민지원군 항미원조 출국 작전 70주년 기념 鴨綠江断桥 (Translation: Commemorating the 70th Anniversary of the Chinese People's Volunteer Army Anti-American Aid Departure Operation; Broken Yalu River Bridge)
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备注	Issued by the People's Bank of China to mark the 70th anniversary of China's entry into the Korean War — officially termed in Chinese historiography the "War to Resist U.S. Aggression and Aid Korea" — this commemorative note was released on October 23, 2020, the precise anniversary of the People's Volunteer Army's crossing into Korea in 1950. It circulates as legal tender but was clearly engineered for the collector market from the outset, printed in limited quantities and sold through PBOC-designated channels in protective folders. The framing of the war as a defensive anti-imperialist campaign remains politically significant in China; the 70th anniversary release coincided with a major state ceremony in Beijing and elevated media coverage, making this note as much a propaganda instrument as a numismatic one.

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