1935 China Bank of Communications 5 Yuan Note - Sailing Ships Travel Series - 1935 Chinese Republic Five Yuan Banknote - P#154

This listing is for the photographed 1935 Chinese Bank of Communications 5 Yuan Note. This note is part of the transportation/travel series issued by the bank throughout this period, each note featuring a different mode of transportation on the obverse. The obverse of this note displays three boats with sails sailing at the center. The reverse shows a view of the summer palace on longevity hills at the Shores of Lake Kunming at the center. Almost Uncirculated (AU) grade/condition, little to no signs of circulation, crisp note! P#154 (Pick Number 154). Great addition to any collection!

The Bank of Communications was established in 1908 with the specific intention of financing the purchase of the Beijing-Hankou Railway, which had been owned by Belgium. The banks name uses the word "Communication" to refer to the linking of two points by a means of transportation, alluding to the original goal of the bank at its founding. After this initial railway purchase, the bank continued its operation in China, issuing banknotes from their multiple locations throughout the country. The Bank of Communications continued to issue Chinese banknotes until their issuance privileges were revoked as a result of the Chinese Civil War in 1942. The bank still operates today, financing a significant percentage of the Chinese economy on the international level.

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1935 China Bank of Communications 5 Yuan Note - Sailing Ships Travel Series - 1935 Chinese Republic Five Yuan Banknote - P#154