10 000 Yuan Central Bank of China

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.