100 Yuan Bank of China

The Bank of China's 1941 series was printed in New York by the American Bank Note Company — a logistical necessity, since by that point Japanese forces had severed China's access to domestic and European printing resources. ABNC had a long relationship with Chinese banking institutions stretching back decades, and the quality of the intaglio work on these notes reflects that accumulated experience.

Delivery of the printed notes to Free China required routing through circuitous wartime supply channels. Inflation was already accelerating badly by 1941, and a 100 Yuan note that represented real purchasing power at printing was worth considerably less by the time much of the stock reached circulation.