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1 Fen / Cent
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 1 Fen = 1 Cent (0.01) |
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| Composition | Log in to see details |
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|---|---|
| Obverse lettering | 慶重 行銀央中 券幣輔元銀 兌角拾成積 元壹元銀换 分壹 (Translation: Chongqing The Central Bank of China Silver Yuan Note Ten Jiao Exchange for One Silver Yuan One Fen) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA ONE CENT 壹 分 1949 |
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| Comments |
This note belongs to the Central Bank of China's final series, issued in the dying months of the Nationalist government before the People's Liberation Army completed its sweep of the mainland. By the time these notes reached circulation, hyperinflation had already obliterated the gold yuan — the currency reform launched just the previous year had collapsed spectacularly, wiping out savings across the country and destroying whatever remaining public trust the Nationalist monetary system had.
Printing in Chongqing, the wartime capital, was itself a retreat — the presses followed the government as it fell back from Nanjing.