Catalog
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| Issuer | People's Bank of China |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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| Obverse description | The right portion of the note is dominated by an intaglio vignette of the New Summer Palace (Yiheyuan) in Beijing, rendered in green against a fine guilloche underprint. A central cartouche framed by ornate scrollwork carries the denomination 壹佰圓 (One Hundred Yuan), with two red seal impressions at the lower centre. The issuer's name runs along the upper margin, while the Republic year inscription is positioned at the foot of the note. |
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| Reverse lettering | 行銀民人國中 1948 (Translation: People's Bank of China) |
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| Comments |
This note belongs to the First Series of Renminbi, issued by the People's Bank of China within weeks of the bank's own founding in December 1948. The timing was not incidental — the Nationalist government's fabi and gold yuan currencies had already collapsed under hyperinflation, and the Communist administration needed a functional medium of exchange to stabilize liberated territories even before the civil war concluded. The First Series was never uniformly printed: multiple regional facilities produced different denominations under wartime conditions, and quality varies accordingly across the series.
Paper quality and ink consistency on P#806 are notoriously uneven between print runs.