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100 Yuan

Issuer Central Bank of Manchukuo
Year 1933
Type Standard circulation banknote
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Obverse lettering 滿洲中央銀行
壹百圓
Reverse description The reverse is printed entirely in olive-green on plain paper, with an elaborate guilloche framework of interlocking floral and foliate scrollwork forming the central border. The denomination "100 YUAN" appears in bold Roman lettering within ornate cartouches at both the left and right margins. The central field contains multiple vertical columns of Chinese legal text — the note's terms and conditions — set against a fine lathe-work underprint. The overall design is symmetrical and text-heavy, without pictorial vignettes.
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Manchukuo's Central Bank was established in June 1932, just months after the Japanese Kwantung Army installed Puyi as head of the puppet state. This 100 Yuan was among the first high-denomination issues, printed in Tokyo rather than locally — there was no domestic printing infrastructure capable of producing secure currency at the time. The Bureau of Engraving and Printing had been supplying Japan's own national notes for decades, and the same production apparatus was simply redirected to service the new regime's monetary needs.

High-denomination notes from the 1932–33 Manchukuo series are disproportionately scarce in circulated grades. The 100 Yuan was largely a commercial and institutional instrument; ordinary wage earners rarely handled one.

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