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1 Fen / Cent
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
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| Printer | Central Bank of China Printing Works, Chongqing |
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| Obverse description | Green note printed on plain paper, dominated by an intaglio portrait vignette of Chiang Kai-shek in military uniform at centre, set within an ornate scrollwork frame. The issuer name in Chinese characters appears at the top, with two red seal stamps flanking a Chinese text exchange clause below the portrait. At lower centre, an oval guilloche underprint contains the denomination characters 壹分, with a red serial number below; the four corners carry denomination numerals, and the bottom margin bears the printer's imprint in Chinese. |
|---|---|
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| 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.