100 Yuan

The Mengchiang Bank was established in 1937 by Japanese occupation authorities in Inner Mongolia — a puppet institution designed to displace Chinese Nationalist currency and fund resource extraction from the region. This 100 Yuan note, issued in the bank's first full year of operation, circulated in an economy being systematically redirected toward Japanese wartime supply chains rather than local commerce.

The denomination is notably large for 1938 Inner Mongolia, pointing to inflationary pressures that were built into the occupation currency system from the outset.