One-dollar Banknote Issued by the International Banking Corporation in Shamian, Guangdong in 1909

Date: Guangxu Reign period (AD 1875-1908), Qing dynasty

Dimensions: Height 10.1 cm, Width 16.9 cm

Gift of Wu Chouzhong, 1979

Description

The Qing government successively issued various kinds of paper currency, such as Shunzhi Banknote, Great Qing Banknote, official banknote of Ministry of Revenue, and Bank Exchange Certificate of the Great Qing (Ministry of Revenue) and so on. Various kinds of paper currency were also issued from the official finance departments, various banks and private financial institutions. After 1840, foreign financial forces began pouring into China by setting up banks and issuing paper money in the country. 
The International Banking Corporation was the former name of Citibank of the United States. Citibank was founded in 1812 and the then English name was International Banking Corporation. In January 1927, it changed its name to The National City Bank of New York after merging with National Bank of New York. China began issuing paper currency in 1907 in dollar and tael banknotes. This one dollar note issued in1909 was first issued in Guangzhou.

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