5 Chinese Yuan Banknote (1953)

The 5 Chinese Yuan banknote issued in 1953 forms part of the First Series of the Renminbi, introduced by the People’s Bank of China following the establishment of the People’s Republic of China. These early banknotes were produced to stabilise the national currency system and replace a wide range of regional and wartime issues that had previously been in circulation.

This 1953 5 Yuan note reflects the design style of early Renminbi issues, featuring detailed engraving, symmetrical ornamental borders, and multilingual inscriptions. The text typically appears in Chinese, alongside minority scripts such as Uyghur, Tibetan, and Mongolian, highlighting the inclusive national identity promoted during this period.

The obverse of the banknote prominently displays the denomination and national emblem, framed by intricate scrollwork and decorative patterns that were characteristic of Chinese banknote design in the early 1950s. The layout is formal and balanced, emphasising authority and state legitimacy.

On the reverse, the note features a detailed vignette depicting a group scene symbolising unity, labour, or collective progress, which was a common theme in early Communist-era Chinese currency. These images were intended to reinforce social values and national reconstruction following decades of conflict.

Although officially withdrawn and no longer legal tender, 1953 Renminbi banknotes remain historically significant and are widely regarded as legacy currency. They are no longer accepted by banks but are still exchanged by specialist services due to their age, collectability, and continued interest from individuals, charities, and organisations holding older Chinese notes.

• Indicate the quantity of 5 Chinese Yuan banknotes you want to exchange

• Click the ‘Add to your account’ button

• Your online account now shows the exchange value

If you are looking to exchange older Chinese banknotes, including withdrawn Renminbi issues from the 1950s, we provide a secure UK-based service for legacy and demonetised currency that is no longer accepted by high-street banks.

For higher-value or bulk transactions, valid identification may be required in order to comply with Anti-Money Laundering Regulations (AMLR).