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100 Yuan

Issuer Central Bank of Manchukuo
Year 1938
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Reference(s) P#J133
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Obverse lettering 100
YUAN 100 YUAN
Reverse description Blue on orange guilloche underprint with an elaborate foliate border. The central vignette presents a pastoral landscape with a large flock of sheep spread across an open plain, a shepherd figure visible in the middle distance, and rolling hills on the horizon. Chinese characters reading 滿洲中央銀行 (Central Bank of Manchou) appear at the top, with denomination numerals 100 and 百圓 at the corners, Mongolian script at the left margin, and a block of Chinese legal text at the bottom center.
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Manchukuo's Central Bank was a Japanese-controlled institution from the moment the puppet state was declared in 1932, and by 1938 the currency system was fully subordinated to wartime Japanese economic policy across occupied China. This 100 Yuan note was issued as Japan was deepening its military commitment following the Marco Polo Bridge Incident — large denominations like this one served industrial procurement and military logistics as much as ordinary commerce.

P#J133 is catalogued under the "J" prefix specifically because Manchukuo issues were classified separately from mainland Chinese emissions — a philatelic distinction that reflects the political fiction the occupation required.

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