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1 Yuan

Issuer Central Bank of Manchukuo
Year 1937
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Currency Yuan (1934-1945)
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Obverse lettering 滿洲中央銀行
壹圓
1 YUAN
大日本帝國內閣印刷局製造
(Translation: Manchuria Central Bank One Yuan Made in the Printing Bureau of the Imperial Japanese Government)
Reverse description The reverse is printed entirely in green, with a central scenic vignette of a traditional Manchurian village settlement framed by trees in the foreground and a mountain range in the background. The bank title appears across the top in Chinese characters, with the denomination repeated at upper right. A decorative cartouche at the lower centre contains the statutory monetary law text. Mongolian script inscriptions appear along the left margin, and the guilloche border frames the entire composition.
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Comments

Manchukuo, the Japanese puppet state installed in northeastern China in 1932, required its own monetary apparatus to facilitate economic extraction of the region's resources — coal, iron, and agricultural output — while insulating Japanese military financing from scrutiny. The Central Bank of Manchukuo served that function directly, and this 1937 series was produced by the Cabinet Printing Bureau in Tokyo, a detail the issuing authority's name was designed to obscure.

The bureau printed high-security government documents for Japan proper, and its involvement here reflects how tightly Tokyo controlled Manchukuo's financial infrastructure. Notes of this series circulated alongside Japanese military yen, both functioning as instruments of occupation finance.

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