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100 Yuan Bank of Chang Chung

Issuer Bank of Chang Chung
Year 1948
Type Standard circulation banknote
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Reverse description Central vignette of a pastoral mountain landscape with grazing sheep in the foreground, printed in olive-yellow tones, flanked by two large guilloche roundels each bearing the numeral 100. The English bank name BANK OF CHANG CHUNG is inscribed across the top, with the denomination ONE HUNDRED YUAN and the date 1948 displayed in a banner below the central vignette.
Reverse lettering BANK OF CHANG CHUNG ONE HUNDRED YUAN 1948
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Comments

The Bank of Chang Chung was a short-lived regional institution operating in Manchuria under Soviet-backed administration following the 1945 Japanese surrender. Its notes circulated in an occupied zone where currency authority was genuinely contested — the Nationalist government never recognized them, and they were effectively rendered obsolete once the People's Liberation Army consolidated control of the northeast and began introducing its own monetary instruments in 1948.

Pick S3050 falls in the "S" series, denoting its regional rather than national status in the standard catalog classification. Surviving examples are not common; the political volatility of the region and the speed of the transition meant most notes either circulated heavily or were discarded during successive currency reforms.

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