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10 000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Reference(s) | P#364 |
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|---|---|
| Obverse lettering | 行銀央中 關 金 壹 萬 圓 印年七十三國民華中 廠製印央中 (Translation: Central Bank of China Ten Thousand Customs Gold Units Printed in the 37th year of the Republic of China Central Engraving and Printing Plant) |
| Reverse description | Central vignette of the Central Bank of China headquarters building in Shanghai, rendered in fine intaglio engraving, with a clock tower visible at the top of the structure. The denomination numeral 10000 appears in large figures both above and below the architectural vignette, with the English inscription within a guilloche cartouche beneath it. Two facsimile signatures of bank officials are printed at the bottom, with their titles below. |
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| Comments |
The Customs Gold Unit was introduced in February 1948 as an accounting currency specifically for tariff collection, replacing the badly inflated Fabi for customs purposes. The CGU was pegged nominally to gold, but the peg was theoretical almost from the start — hyperinflation was already so advanced that high-denomination notes like this one were effectively obsolete within months of printing.
The Central Engraving and Printing Plant in Shanghai produced the entire CGB series under increasingly chaotic conditions as the Nationalists' fiscal position collapsed. By August 1948, the CGU was itself swept away and replaced by the Gold Yuan, which fared no better.