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10 000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1947
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Value 10 000 Yuan (10 000)
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Obverse description Portrait of Sun Yat-sen at left, with a vignette of mountains and river at right. Dark brown intaglio printing over an orange and green underprint. Red serial numbers and official seals appear on the face.
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Reverse description Dark blue overall design with an elaborate central guilloche oval bearing the denomination characters 壹萬圓 in relief. Intricate lathe-work borders frame the composition on all sides, with two ornate rosette vignettes at left and right margins flanking the central panel. Signature inscriptions appear vertically at left and right of the central oval, with the numeral 10000 repeated in each corner.
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By 1947, the Central Bank of China was printing notes at denominations that would have been unthinkable five years earlier. The 10,000 Yuan note entered circulation as hyperinflation — driven by wartime deficit spending and continued military costs after Japan's surrender — was already accelerating beyond any credible monetary management. Within a year, the government would issue 500,000 Yuan notes.

The Printing Works struggled to keep pace with demand. Paper quality and ink registration on this series are notably inconsistent between production runs, a direct consequence of overstretched facilities.

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