What Is This Note? Bank Of China 10, Not Found Anywhere Else

I'm no expert on chinese notes but could this be a hell note (funeral banknote)?

Hell notes are paper money burned during funeral for the dead to bring to the next life. The Chinese also believe in burning paper cars, paper building, paper clotheds etc.

Nope, it says training note.

If it was a hell bank note, it would say "Bank of Hell" or something like that and would be shoddily printed with bad (and lead-laden!) ink.

**Now that you can read the basics, here's more information. In China, cash is always used because

1. Banks don't trust people with credit cards, and people don't trust cards
2. Debit cards are only used to access the account only in the city it was created it. Use in other cities or areas would lead to fees
3. Everyone uses cash, and before a cash counting machine at every desk, tellers would have to count them by hand.

So, there's a training note. These are issued by every big bank, and in fact, DL20K has one from the Chinese Construction Bank. Tellers would count through stacks of these to increase their dexterity and speed with counting notes, and to safeguard from the tellers stealing actual currency, they use training notes.

These training notes' paper is similar to the 4th series note (which was also paper) because it was back then (before 1999) that banks didn't have so many counting machines. Now with the Mao (5th) series on cotton, more counting machines, etc there's less and less training notes. In fact, my aunt, who works for an accounting department in China, says that she hasn't seen any new training notes that mimics the design of the Mao notes.

True, and it has only been in the last twenty years or so that they have even used this legend on their banknotes.

Thanks for the great info guys, and especially David for shedding light on the actual use of these notes. I wonder if it has collectible value, or is it just ephemera?

On Chinese banknotes it says the People's Bank of China, not Bank of China. Bank of China is a private bank and therefore can not issue its own banknotes in China. The last Bank of China issues were from 1948 or so.




It might have value in the US and outside of China, but in China you can just ask for a pack of these.

Not really, because on the back of Chinese notes it's in Pinyin, which is phonetic Chinese. If you look at one today, it's still Pinyin and the other 4 semi-official languages. The PRC has never used English on banknotes.

It does say training at the back. It's not a hell note of any kind.