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China Banknote 1 YUAN 1979 DIM 60 AED

Name: China Banknote 1 YUAN 1979 DIM 60 AED
Price: 60 AED
Availability: InStock

AED 60

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Item Details

Age

Brand New

Condition

Almost no noticeable problems or flaws

Usage

Out of original packaging, but only used once

Posted on: 19th January 2026

Description

🇨🇳 China – 1 Yuan (Foreign Exchange Certificate), 1979
Basic Information

Country: People’s Republic of China

Issuing Authority: Bank of China

Denomination: 1 Yuan

Year of Issue: 1979

Type: Foreign Exchange Certificate (外汇兑换券)

Catalog Reference: Pick # FX3a

Purpose & Historical Context

These Foreign Exchange Certificates (FECs) were issued exclusively for foreigners, diplomats, and overseas Chinese.

Used in special stores and hotels where regular Renminbi was not accepted.

Circulated mainly between 1979 and 1994, during China’s early economic opening period.

They were not bonds, despite some third-party slab labels sometimes using that term incorrectly.

Design Details

Front (shown in image):

Center Illustration: Scenic Chinese lakeside view with traditional stone pagoda pillars and boats (commonly associated with Hangzhou / West Lake style scenery).

Text (Top): 中国银行 (Bank of China)

Vertical Left: Arabic numeral “1”

Bottom Right: 壹圆 (One Yuan in Chinese characters)

Seal: Red circular Bank of China emblem

Color Scheme: Green, light blue, and multicolor guilloché patterns

Serial Number

Serial: ZQ 972459

Printed in red, typical for this issue

Security Features

Complex guilloché line patterns

Intricate rosette design on the right

High-quality intaglio-style printing

Watermark (usually present on genuine examples, varies in visibility by condition)

Condition & Grading (from holder)

Grading Company: DIM Currency

Grade: Very Fine (VF)

Grade Score: 25

Condition Notes:

Noticeable folds and handling

Strong design clarity

Colors still visible but softened

Typical circulation wear for VF

Collector Notes

Very popular among world banknote collectors

Affordable yet historically important

Higher grades (UNC / AU) command significantly higher prices

Slabbed examples are valued more for authentication than investment