B3376, China Reconstruction Bond, China Farmers Bank 10 Dollars, 1945

  • Model: B3376
  • Shipping Weight: 30lbs
  • 1 Units in Stock

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$60.00

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B3376, China Reconstruction Bond, China Farmers Bank 10 Dollars, 1945.

Fine condition, please refer the picture, circulated.

Issued in 1945 by The China Farmer's Bank. The face value is 5 China's Dollars.

It is a kind of government bond, but it can be circulated in the market as legal banknotes. It is the emergency notes issued during the war, to solve the fiscal problems, without leading to inflation.

The interest rate is differet from different duration.

Duration half year: 6% annum.
Duration 1 year: 7.1% annum.
Duration 2 years: 7.95% annum.
Duration 3 years: 9.98% annum.


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