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100 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1947 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen in intaglio at left within a rectangular frame, set against a complex guilloche underprint in red-brown tones. The denomination 壹佰圓 (One Hundred Yuan) appears in large Chinese characters at centre, flanked by ornate corner vignettes repeating the value 壹佰. Bank title 中央銀行 runs across the top, with the issuing year and Republic era date 中民國三十六年 at the bottom margin. |
|---|---|
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| Reverse lettering | THE CENTRAL BANK OF CHINA ONE HUNDRED CUSTOMS GOLD UNITS 100 1947 |
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| Comments |
The Customs Gold Unit was introduced in 1930 as an accounting currency for tariff payments, designed to insulate customs revenue from the chronic depreciation of the circulating fabi. By 1947, that insulation had long collapsed. The CGU notes issued that year were drawn into the same hyperinflationary spiral consuming the entire Nationalist monetary system, and denominations climbed rapidly as the civil war with the Communists accelerated economic disintegration.
Printed domestically by the Central Bank's own works rather than contracted abroad — a notable shift from earlier reliance on American Bank Note Company and other foreign printers — the series reflects both wartime self-sufficiency and the speed at which new denominations had to be produced.