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1 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1940 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in green ink on toned paper, the obverse carries a portrait vignette of Dr. Sun Yat-Sen at left, with the Sun Yat-Sen Mausoleum as the central vignette and a stylised Chinese-character denomination at right. Serial numbers appear below the portrait and denomination panels, with red seal stamps positioned between the two serial number groups. |
|---|---|
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| Reverse lettering | The Central Reserve Bank of China One 1 Yuan 1940 |
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| Comments |
The Central Reserve Bank of China was a Japanese-sponsored institution established in Nanjing in 1941 under the Wang Jingwei collaborationist regime — which creates an immediate problem with the 1940 date on this note. Issues bearing 1940 dates were almost certainly printed in anticipation of the bank's formal opening, with the year reflecting either production timing or a deliberate backdating to assert continuity and institutional legitimacy.
Circulation was largely confined to Japanese-occupied territories in central China. The notes competed poorly with Nationalist fabi and were regarded with deep suspicion by the local population.