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100 Yuan Bank of Central China

Issuer Bank of Central China (中華銀行)
Year 1945
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Shape Rectangular
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Obverse description Printed in green, the obverse bears a central vignette of the Great Wall of China stretching across a landscape, set within an ornate guilloche border. The bank name 華中銀行 appears across the top, with the denomination 壹百圓 repeated in Chinese characters at the four corners and centrally below the vignette. A serial number in black is printed to the upper right, and the date 中華民國三十四年 (Republic of China Year 34) appears along the lower margin.
Obverse lettering 華中銀行
壹百圓
中華民國三十四年
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Comments

The Bank of Central China (中華銀行) was a Japanese-sponsored institution operating in occupied central China during the Second Sino-Japanese War. By 1945, military and supply lines were collapsing, inflation was accelerating sharply across all occupation currency systems, and high-denomination notes were being pushed into issue as purchasing power eroded. This 100 Yuan note belongs to that final, increasingly desperate phase of Japanese-backed monetary administration in the region.

The S-prefix in the Pick reference reflects its classification as a local or regional issue rather than a national one — a distinction that also affected postwar redemption policy, as occupation-era regional notes were systematically demonetized following Japan's surrender in August 1945.

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