100 Yuan

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.