1979 Bank of China 10 Fen Foreign Exchange Certificate (FEC) - Rarer Denomination Note - 1979 Chinese Ten Fen Foreign Exchange Note - P#FX1

This listing is for the photographed 1979 Bank of China 10 Fen (10 Cents) Foreign Exchange Certificate Note. Rarer unique denomination for these certificates. The obverse of this note shows a print of a rushing waterfall at the center.  Almost Uncirculated (AU) grade/condition, little to no folds and signs of circulation, some staining visible on the reverse, crisp note! Excellent rarer note with an interesting history! Great addition to any collection. P#FX1 (Pick Number FX1).

The Bank of China began using Foreign Exchange Certificates (FEC) in 1979 in order to manage foreign exchange and control the flow of foreign currency in China during its early period of economic opening and reform. The certificates were primarily used by foreigners and tourists to purchase specific goods and items within China. FEC were issued in denominations equal to the Renminbi yuan. The notes were phased out starting in 1994, ceasing their circulation in 1995. 

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1979 Bank of China 10 Fen Foreign Exchange Certificate (FEC) - Rarer Denomination Note - 1979 Chinese Ten Fen Foreign Exchange Note - P#FX1