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10.000 Yuan

Issuer Central Reserve Bank of China
Year 1944
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Reference(s) P#J39
Obverse description Green on pale yellow-brown underprint. Central vignette bearing a portrait of Sun Yat-sen at center, framed by ornate guilloche borders. Overprinted red block denomination characters and two red official seals appear across the face, with Chinese inscriptions identifying the issuing bank and date.
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Reverse lettering 10000 10000
The Central Reserve Bank of China
10000 10000
Ten Thousand Yuan
1944
10000 10000
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Comments

The Central Reserve Bank of China was a puppet institution established under the Japanese-backed Wang Jingwei regime in Nanjing — its notes had no validity in territory outside Japanese occupation and were treated as worthless by the Nationalist government in Chongqing. By 1944, Japanese military fortunes were deteriorating sharply, and the occupation economy was consuming itself through inflation. The 10,000 Yuan denomination is a direct measure of that collapse; earlier series had topped out at far lower figures.

Printing was handled in Japan, almost certainly by the Japanese Government Printing Bureau, though the notes carry no frank attribution to that effect.

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