0.10 Yuan (10 Fen) Foreign Exchange Certificate Yuan #111

Front

Bank of China Foreign Exchange Certificate for 10 Fen (0.10 Yuan). These certificates were issued by the People's Republic of China specifically for use by foreign visitors and overseas Chinese, equivalent in value to the domestic Renminbi but restricted to designated places within China. The front displays text in both English and Chinese stating the certificate's equivalence to Renminbi Yuan and restrictions on its use, with the denomination shown as 'TEN FEN' in English and '0.10' in numerals.

Back

Huangguoshu Waterfall (黄果树瀑布), located in Anshun, Guizhou Province, China. This is one of the largest waterfalls in China and East Asia, with a height of 77.8 meters and width of 101 meters. The waterfall has been a celebrated natural landmark since ancient times and represents China's natural beauty and tourist attractions, appropriate for a certificate intended for foreign visitors.

History

Foreign Exchange Certificates (FEC) were issued by the Bank of China from 1979 to 1995 as part of China's early economic reform period. These certificates were mandatory for foreign tourists, diplomats, and overseas Chinese to use instead of regular Renminbi, creating a dual currency system. FECs could be used at Friendship Stores, hotels, and other designated locations to purchase goods not available to ordinary Chinese citizens. The system was abolished on January 1, 1995, as China moved toward currency convertibility and market reforms. The 1979 series featured various Chinese scenic locations and came in denominations from 1 Fen to 100 Yuan.