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100 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| In circulation to | 1955 |
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|---|---|
| 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) |
| Reverse description | The reverse is printed in ochre-brown tones and divided into three lobed guilloche panels, with the numeral 100 appearing in large figures within the left and right panels. A central oval medallion carries the bank seal, surrounded by intricate lathe-work underprint. The denomination numeral 100 is repeated in smaller figures below the outer panels, and the year 1949 is inscribed along the lower edge. |
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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.