This listing is for the photographed 1928 Central Bank of China 10 Yuan / Dollar National Currency Note. Issued during the inter-war period, the time period between the two world wars. Issued in Shanghai. One side of this note displays a portrait of the former Chinese President Sun Yat-Sen at the center. The other side of this note has an ornamented design and border featuring the notes denomination and other writing in Chinese characters. Beautiful design and interesting historical note. Extremely Fine (XF) Grade/Condition. P#197 (Pick Number 197).
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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1928 Central Bank of China 10 Yuan / Dollar Note - Inter-War Period, Shanghai Issue - 1928 Chinese Ten Yuan / Dollar Bank Note - P#197