Extreme Banknotes
China Foreign Exchange Certificate Bundle
China Foreign Exchange Certificate Bundle
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This educational banknote bundle features three original Foreign Exchange Certificates (FECs) issued in 1979 by the People's Bank of China for use within the People's Republic of China. These notes represent a unique dual-currency system that operated during China’s early economic reform period.
💵 Included Banknotes:
- 10 Fen 1979 P-FX1 VF
- 50 Fen 1979 P-FX2 UNC
- 100 Yuan 1979 P-FX3 F
Historical Context
Foreign Exchange Certificates were introduced in 1979 during the early years of China’s “Reform and Opening-Up” era under Deng Xiaoping. The FEC system required foreign visitors to exchange foreign currency for special notes that were accepted at designated hotels, Friendship Stores, and tourist facilities.
Chinese citizens used Renminbi (RMB), while foreigners were restricted to FECs, creating a controlled, parallel monetary system. This system remained in place until it was abolished in 1994, when China unified its currency framework.
Educational & Numismatic Significance
These certificates provide insight into:
- China’s transitional socialist-market economy
- Currency controls and foreign exchange policy
- The evolution of China’s global trade integration
- Dual-currency systems in developing economies
The inclusion of the 100 Yuan high denomination highlights the purchasing power structure available to international visitors during the late 1970s and 1980s.
Design Features
The 1979 FEC series is known for its detailed engraving, multilingual inscriptions, and symbolic national imagery reflecting Chinese culture and landscapes. The notes closely resemble Renminbi designs of the era but are clearly marked as Foreign Exchange Certificates.
This China 1979 Foreign Exchange Certificate bundle offers a tangible link to a pivotal moment in modern economic history, when China cautiously opened its doors to the global economy while maintaining strict currency control.
Returns & Guarantee Disclaimer
All sales, returns, and guarantees for this item are governed strictly by our Terms of Service. Please review the full policy here before purchasing. By purchasing, you acknowledge and agree to these terms.
Serial Number Disclaimer
Actual serial numbers on banknotes vary from piece to piece. The serial shown in product photos may not match the banknote you receive, but all items are guaranteed authentic and graded as described.
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CONDITION GUIDE
Gem Uncirculated
A note that is flawless, with the same freshness, crispness and bright color as when first printed. It
must be perfectly centered, with full margins, and free of any marks, blemishes or traces of handling.
About Uncirculated
A bright, crisp note that appears new but upon close examination shows a trace of very light use, such as a corner fold or faint crease. 'About Uncirculated' is a borderline condition, applied to a note which may not be quite uncirculated, but yet is obviously better than an average Extra Fine note. Such notes command a price only slightly below a new note and are highly desirable.
Extra Fine
A note that shows some faint evidence of circulation, although it will still be bright and retain nearly full crispness. It may have two or three minor folds or creases but no tears or stains and no discolorations.
Very Fine
A note that has been in circulation, but not actively or for long. It still retains some crispness and is still choice enough in its condition to be altogether desirable. It may show folds or creases, or some light smudges from the hands of a past generation. Sometimes, Very Fine notes are the best available in certain rare issues, and they should accordingly be cherished just as much as uncirculated notes.
Fine
A fine note shows evidence of much more circulation, has lost its crispness and very fine detail, and creases are more pronounced, although the note is still not seriously soiled or stained.
SHIPPING
Tracking information will be provided!
Your banknote will be packaged between two sturdy pieces of cardboard to safeguard its condition during transit, guaranteeing it arrives to you exactly as described. Should you have any inquiries, please don't hesitate to reach out - we're here to assist you!