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100 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Purple guilloche design with a central vignette of a tall pagoda set against an open landscape. The denomination '100' appears at right in large numerals, with the Chinese value 壹佰圓 at left, the bank title 中國聯合準備銀行 across the top, and ONE HUNDRED YUAN in Roman lettering at the base. |
| Reverse lettering | 中國聯合準備銀行 壹佰圓 ONE HUNDRED YUAN |
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| Comments |
The Federal Reserve Bank of China was a Japanese-sponsored institution established in 1938 following the occupation of northern China, headquartered in Beijing under the collaborationist Provisional Government. Its notes were introduced as a direct replacement for the existing currency circulating in occupied territories, with the explicit intent of displacing Nationalist-issued legal tender and extracting economic value from the occupied population through controlled exchange rates heavily favoring Japanese interests.
The 100 Yuan denomination was the largest in the initial 1938 series — significant in a region where such a sum represented real purchasing power. Inflation had not yet destroyed the notes' credibility, which came later as wartime pressures mounted and the bank's emissions ballooned.