1979 Bank of China 1 Yuan Foreign Exchange Certificate (FEC) - Foreign Tourist Note - 1979 Chinese One Yuan Foreign Exchange Note - P#FX3

This listing is for the photographed 1979 Bank of China 1 Yuan Foreign Exchange Certificate Note. The obverse of this note shows a print of a lake with boats at the center.  Very Fine (VF) grade/condition, some visible folds and signs of circulation. Excellent rarer note with an interesting history! Great addition to any collection. P#FX3 (Pick Number FX3).

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 1 Yuan Foreign Exchange Certificate (FEC) - Foreign Tourist Note - 1979 Chinese One Yuan Foreign Exchange Note - P#FX3