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100 Dollars
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse lettering | THE FEDERAL RESERVE BANK OF CHINA ONE HUNDRED DOLLARS 壹百圓 100 |
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| Variants | P#J58a - Issued note P#J58s - Specimen with overprint: Yang Pen. Specimen on back. |
| Comments |
The Federal Reserve Bank of China was not a central bank in any conventional sense — it was a Japanese-sponsored institution established in 1938 to administer currency in the occupied territories of northern China. Its notes were engineered to displace the Nationalist fabi, deliberately flooding the occupied zone with competing paper to undermine Chongqing's monetary authority.
The Bureau of Engraving and Printing in Peiping operated under Japanese oversight throughout the occupation. Higher denominations in this series, the 100-dollar notes especially, were prone to aggressive counterfeiting, a problem that worsened considerably after 1940.