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10 000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 10 000 Yuan (10 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 券通流省九北東 圓萬壹 印年七十三國民華中 (Translation: The Central Bank of China Circulation Notes in Northeastern 9 Provinces Ten Thousand Yuan Printed in the 37th year of the Republic of China) |
| Reverse description | Log in to see details |
| Reverse lettering | 壹 萬 圓 (Translation: Ten Thousand Yuan) |
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| Comments |
By 1948, hyperinflation had rendered the Central Bank of China's printing operations almost absurd in their scale. Notes were being issued in denominations that would have been unthinkable five years earlier, and the 10,000 Yuan was not even close to the top of the range — issues of 500,000 Yuan followed within months. The Nationalist government's currency was collapsing faster than it could be printed.
The Gold Yuan Reform of August 1948 attempted to replace the entire Fabi system, extinguishing these notes at a conversion rate of 3,000,000 old Yuan to 1 Gold Yuan. That reform itself failed within a year.