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100 Yuan

Issuer People's Bank of China
Year 1948
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Reference(s) P#808
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Obverse lettering 行銀民人國中 壹 佰 圓 年七十三國民華中
(Translation: People's Bank of China One Hundred Yuan Year 37 of the Chinese Republic)
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Reverse lettering 行銀民人國中 100 1948
(Translation: People's Bank of China)
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This is among the first notes issued by the People's Bank of China, which was formally established on 1 December 1948 — meaning some of these notes entered circulation within weeks of the bank's founding, while the civil war against the Nationalists was still ongoing. The Communist monetary system was being built in real time, consolidating several regional bank currencies into a single national issue.

Printing quality and paper stock vary noticeably across the series, a direct consequence of wartime production dispersed across multiple facilities in northern China. Attribution to a single printer is not straightforward.

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