B3351, China Reconstruction Bond Loan, 10 Dollars, Post Saving Bank 1943

B3351, China Reconstruction Bond Loan, 10 Dollars, Post Saving Bank 1943.

Fine condition, please refer the picture, circulated.

Issued in 1943 by The Post Saving Bank of China. The face value is 10 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 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.