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10 000 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Shape | Rectangular |
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| Obverse lettering | 中國人民銀行 壹萬圓 一九四九年 (Translation: People's Bank of China / 10,000 Yuan / Year 1949) |
| Reverse description | The reverse is printed in a warm brown monochrome scheme, centred on a large rosette guilloche medallion bearing the denomination 壹萬圓 in Chinese characters. The numeral 10000 appears twice in the lateral panels, and the issuer name 中國人民銀行 is inscribed at the top, with 壹萬 repeated in the corners. The year 1949 is printed in a decorative cartouche at the base, the entire design framed by an intricate floral and scroll border. |
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| Comments |
The First Series Renminbi (第一套人民币) was issued under extraordinary conditions — the People's Bank of China had only been founded in December 1948, and notes were being rushed into circulation across territories still actively contested in the final phase of the civil war. Printing was distributed across multiple facilities, and the 10,000 yuan denomination was among the highest face values in the series, a direct response to the hyperinflationary damage the Nationalist government's fabi and gold yuan had already done to public confidence in paper currency.
The entire First Series was demonetized in 1955 when the second series launched at a conversion rate of 10,000 old yuan to 1 new fen — effectively a redenomination that wiped four zeros off every note in circulation.