1 Chinese Yuan Banknote (1956)

Chinese Yuan banknotes have been issued in multiple series by the People’s Bank of China, reflecting major political, economic and design changes over time. This 1 Chinese Yuan banknote issued in 1956 forms part of the Second Series of Renminbi, introduced to stabilise China’s post-revolution currency system and replace earlier, more inflation-affected issues.

The 1956 1 Yuan note is printed using traditional intaglio techniques on durable paper and features a predominantly muted colour palette, typical of mid-20th-century Chinese banknote design. Unlike modern Renminbi notes, this series lacks advanced security features such as colour-shifting ink or transparent windows, relying instead on detailed engraving, serial numbering, and paper quality to deter counterfeiting.

On the obverse, the banknote displays formal state imagery associated with the early People’s Republic of China, including the national emblem and multilingual inscriptions reflecting China’s recognition of ethnic diversity during this period. The denomination is clearly stated, with decorative borders and symmetrical layout consistent with other Second Series issues.

The reverse of the note features an engraved depiction of Tiananmen Gate in Beijing, a recurring and highly symbolic motif on early Renminbi banknotes. This imagery emphasised national unity, state authority, and the emergence of a new political era following the founding of the People’s Republic in 1949.

Although this 1956 1 Chinese Yuan banknote was once legal tender, it has long since been withdrawn from circulation and is no longer accepted for everyday use within China. Today, it is primarily encountered as a historic or collectible note and is often held by individuals who acquired it through travel, inheritance, or long-term savings.

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If you are looking to exchange old or withdrawn Chinese Yuan banknotes, we offer a secure and specialist UK service for historic Renminbi. Many banks no longer accept older Chinese currency, particularly pre-1960s issues, but we regularly handle discontinued notes for individuals, charities, and businesses.

For higher-value or older banknotes, additional checks may be required to confirm authenticity and condition. For all applicable transactions, valid identification will be required in order to comply with Anti-Money Laundering Regulations (AMLR).