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100 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Composition | Paper |
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| Obverse description | A central vignette presents an industrial landscape with factory buildings and smoking chimneys to the left and right, printed in red on a lightly toned paper. The denomination 壹佰圓 (One Hundred Yuan) appears in large Chinese characters within an ornate guilloche frame at centre, flanked by corner panels bearing the characters 佰圓. The bank title 中國人民銀行 is inscribed along the top, with the Republican era date 中華民國三十八年 (Year 38 of the Chinese Republic) running along the lower border. |
|---|---|
| Obverse lettering | 中國人民銀行 壹佰圓 中華民國三十八年 (Translation: People's Bank of China One Hundred Yuan Year 38 of the Chinese Republic) |
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| Comments |
This note belongs to the First Series Renminbi, issued by the People's Bank of China almost immediately after its founding in December 1948 — making it among the earliest standardized currency of the People's Republic. The First Series was printed under extremely difficult wartime conditions, with multiple regional facilities producing notes simultaneously, which accounts for the considerable variation in paper quality and print registration found across denominations of this series.
High-denomination notes like this one circulated hard during the inflationary transition period as the new government worked to displace both Nationalist currency and regional military scrip. First Series notes were eventually demonetized in 1955 at a conversion rate of 10,000 old yuan to 1 new yuan.