B3306, China Reconstruction Bond Loan, Three Banks 10 Dollars, 1943

B3306, China Reconstruction Bond Loan, Three Banks 10 Dollars, 1943.

VF condition, please refer the picture, unissued.

Issued in 1943 by three banks of China. The face value is 10 China’s Dollar.

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 different 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.