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100 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 行銀民人國中 圓佰壹 年七十三國民華中 (Translation: People's Bank of China One Hundred Yuan Year 37 of the Chinese Republic) |
| Reverse description | The central vignette presents an engraved steam locomotive hauling passenger carriages, set against an intricate guilloche background in green. The numeral denomination '100' appears in large figures within scalloped panels at both the left and right margins. The bank name is inscribed along the upper border, with the year of issue printed in bold numerals along the lower border. |
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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.