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100 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 100 Yuan |
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| Composition | Log in to see details |
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| Obverse description | A central vignette spans the width of the note, with an industrial factory complex at left and a steam locomotive hauling goods trains at right, rendered in an engraved style against a guilloche underprint. The large denomination characters 壹佰圓 are printed in intaglio at centre. Border inscriptions in Chinese characters appear at top and bottom, with the bank name across the upper margin and the Republican era date along the lower border. |
|---|---|
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| Variants | P#807a - blue underprint on front P#807b - without underprint on front |
| Comments |
This is the inaugural 100 Yuan denomination of the First Series Renminbi, issued in December 1948 — within weeks of the People's Bank of China's own founding on December 1st of that year. The note entered circulation during the final, chaotic phase of the Civil War, when Nationalist hyperinflation had so thoroughly destroyed public confidence in paper currency that the new Communist administration faced the immediate task of establishing credibility from nothing.
Printing quality and paper stock vary noticeably across surviving examples, a direct consequence of the decentralized wartime print facilities the PBC inherited rather than purpose-built infrastructure.