B3360, China Reconstruction Bond Loan, 1000 Dollars, Post Saving Bank 1944

B3360, China Reconstruction Bond Loan, 1000 Dollars, Post Saving Bank 1944.

Fine condition, please refer the picture, circulated.

Issued in 1944 by The Post Saving Bank of China. The face value is 1000 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.