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100 Yuan

Issuer Central Bank of China
Year 1949
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Value 100 Yuan
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Reverse description An intaglio vignette of the Central Bank of China building in Nanking occupies the left half, rendered with fine architectural detail including the flagpole, gated forecourt, and surrounding structures. To the right, a large guilloche rosette medallion bears the numeral 100 and the legend ONE HUNDRED YUAN at center. Two facsimile signatures appear below the medallion, captioned GENERAL MANAGER and GOVERNOR respectively, flanking the date oval marked 1949.
Reverse lettering THE CENTRAL BANK OF CHINA
ONE HUNDRED YUAN
1949
GENERAL MANAGER
GOVERNOR
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Comments

By early 1949 the Nationalist government's currency program had collapsed in everything but name. The Gold Yuan reform of 1948 had already destroyed public confidence after hyperinflation wiped out the replacement currency within months, and notes like this one were issued into an economy where prices were doubling faster than new denominations could be authorized. The Central Engraving and Printing Plant was running at full capacity producing notes that were obsolete almost upon delivery.

The People's Liberation Army took Nanjing in April 1949. Most of this series never circulated meaningfully — it was simply abandoned.

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