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10.000 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1944 |
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| Reference(s) | P#J38 |
| Obverse description | Green on pale yellow-brown underprint. Central vignette of Sun Yat-sen portrait at center, framed by intricate guilloche scrollwork. Red block serial numbers and two red official seals appear on the face, with Chinese inscriptions identifying the issuing bank and denomination. |
|---|---|
| Obverse lettering | 行銀備儲央中 圓萬壹 圓萬壹幣國國民華中 印年三十三國民華中 |
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| Comments |
The Central Reserve Bank of China was a puppet institution established under the Wang Jingwei collaborationist government in Nanjing, which operated under Japanese occupation from 1940 until Japan's surrender in 1945. Notes issued under this authority were legal tender only within Japanese-controlled territories, and their acceptance was enforced rather than voluntary. By 1944, hyperinflationary pressure from wartime money printing had pushed denominations into the tens of thousands — a figure that would have been unthinkable for this issuer just four years earlier.
After Japan's defeat, these notes were declared void by the Nationalist government. Redemption was refused outright, which means surviving examples reflect whatever pocket or drawer they were abandoned in, not any formal demonetization process.