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100 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中央銀行 壹佰圓 (Translation: Central Bank of China / One Hundred Yuan) |
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| Reverse lettering | THE CENTRAL BANK OF CHINA ONE HUNDRED YUAN 1948 CHUNG HWA BOOK CO. LTD. |
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| Comments |
By mid-1948 the Nationalist government's finances were in freefall. The Central Bank of China had been printing gold yuan and fabi at volumes that made individual denomination distinctions nearly meaningless — a 100 yuan note issued in early 1948 could lose the majority of its purchasing power within weeks. Chung Hwa Book Co. was one of several domestic printers pressed into service as the hyperinflationary spiral outpaced the capacity of any single facility.
O.K. Yui served as Governor during the desperate currency reform attempt of August 1948, when the gold yuan replaced the fabi at a rate of 1 to 3,000,000 — a reform that itself collapsed within ten months.