Pair of 1939 Central Bank of China 5 Cents Notes - Consecutive Serial Numbers - Two (2) 1939 Chinese Five Fen Fractional Bank Notes - P#225a

This listing is for the photographed Pair of 1939 Central Bank of China 5 Fen / Cents Consecutive Serial Number Notes. These notes have consecutive serial numbers, C318003S and C318004S, making them a great find for any collector! The obverse of this note depicts the Temple of Six Banyan Trees at the left. The reverse shows a circular coin featuring a spade coin at the bottom center, as well as the name of the issuer and denomination. Printers name is "Union Publishers & Printers", differentiating it from other issues. Beautiful design and interesting historical note. Extremely Fine (XF) Grade/Condition. P#225a (Pick Number 225a).

In 1923 Dr. Sun Yat-Sen, known as the National Father of the Republic of China, established the Central Bank of China in order to fund national development. The following year the bank was inaugurated in Canton. After their inauguration the bank began developing in line with the modern central banking practices. In 1935 the Republic of China enacted a currency reform, limiting the issuing authority of Chinese currency to three government-controlled banking entities: The Bank of China, the Central Bank of China, and the Bank of Communications. By the start of World War II, the Central Bank of China became a key player in foreign economic relations. When Japanese forces lost control of their puppet governments after WWII, the Central Bank of China took on the issuance of national currency in these areas to replace the Japanese controlled currency being circulated. This note provides great insight into the interesting history of the Republic of China and the Central Bank of China's role in World War II.

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Pair of 1939 Central Bank of China 5 Cents Notes - Consecutive Serial Numbers - Two (2) 1939 Chinese Five Fen Fractional Bank Notes - P#225a