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1 Yuan

Issuer Federal Reserve Bank of China
Year 1941
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Shape Rectangular
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Obverse description Gray-green note with green and pink underprint. A temple vignette occupies the left portion of the face, while a portrait of Confucius appears at right. The design is framed by a fine guilloche border with the bank title and denomination inscribed in Chinese characters.
Obverse lettering 中國聯合準備銀行
壹圓
(Translation: Federal Reserve Bank of China 1 Yuan)
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Comments

The Federal Reserve Bank of China was a Japanese-controlled puppet institution established in 1938 to manage currency in the occupied North China zone. Its notes were designed to replace the Nationalist fabi, deliberately undermining the Chongqing government's monetary authority in the occupied territories. The 1941 series was printed domestically by the North China Political Affairs Committee's own bureau — wartime necessity, since access to established foreign security printers was no longer an option.

Circulation was enforced in Japanese-occupied areas, but public resistance to accepting puppet currency remained a persistent problem throughout the occupation.

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