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1 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is dominated by an intricate guilloché pattern arranged in a central oval medallion surrounded by fine lathe-work borders, all printed in red-brown. The denomination characters occupy the centre of the guilloché oval. Two vertical numeral panels flank the design at left and right margins. Signature panels appear at the lower left and lower right corners. |
| Reverse lettering | 壹圓 (Translation: One Yuan) |
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| Comments |
The Central Bank of China's 1945 1 Yuan issue came at a moment when the Nationalist government's currency, the fabi, was deteriorating rapidly under wartime inflation. By 1945, the money supply had expanded so aggressively to fund military operations against Japan that small-denomination notes like this one were being printed and spent almost simultaneously — purchasing power eroding faster than the ink dried.
The Central Engraving and Printing Plant's Shanghai factory had spent much of the war displaced or operating under severe constraint. Its return to fuller Shanghai production in the war's final year accounts for the relatively higher survival rate of this issue compared to notes printed at interior facilities during the Chongqing period.