100 Yuan

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.