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100 Yuan Bank of Kuantung
| Issuer | Bank of Kuantung (關東銀行) |
|---|---|
| Year | 1948 |
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| Currency | Yuan (1948-1948) |
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|---|---|
| Obverse lettering | 關東銀行 壹百圓 百圓 中國民邦印刷 |
| Reverse description | Central oval vignette of a steam passenger ship underway at sea, surrounded by an intricate geometric border pattern with diamond-shaped numeral panels bearing '100' at left and right. The date '1948' appears in a decorative cartouche at the bottom centre. The overall printing is executed in dark grey-black intaglio on uncoloured paper. |
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| Comments |
The Bank of Kuantung was a regional institution operating in the Kwantung Leased Territory — the Soviet-administered zone transferred from Japanese control in 1945. By 1948, the broader Chinese monetary environment was in freefall: Nationalist hyperinflation had made the fabi and its successor the gold yuan effectively worthless within months of issue. Regional Soviet-backed banks like this one issued their own currency partly to insulate local commerce from that chaos, and partly to maintain administrative control over the northeastern trading economy.
The 100 Yuan denomination for this series is among the scarcer face values to survive in any quantity, as much of the issue was withdrawn and destroyed when the territory's monetary arrangements were superseded following the establishment of the People's Republic in 1949.