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| 正面铭文 | 行銀央中 圓佰壹 印年二十三國民華中 處製印局托信央中 (Translation: Central Bank of China One Hundred Yuan Printed in the 32nd year of the Republic The Printing Department, Central Trust of China) |
| 背面描述 | The reverse is dominated by a central guilloche medallion enclosing the English text ONE HUNDRED YUAN with the numeral 100 superimposed, all in olive-green intaglio. The bank title THE CENTRAL BANK OF CHINA arches across the top in bold lettering, with the year 1943 at centre base flanked by two manuscript signatures above their respective titles. Corner numerals 100 appear in each angle against a fine lathe-work underprint filling the entire field. |
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By 1943, the Central Bank of China was producing currency under extreme wartime pressure, with inflation already eroding public confidence in fiat issues. The Central Trust of China Printing Department — a government organ rather than an independent security printer — handled production domestically, a logistical necessity as access to foreign printers had been severed by the Japanese occupation of coastal cities.
This note belongs to a period when successive high-denomination issues were required within months of each other simply to keep pace with purchasing power collapse. The hyperinflationary spiral that followed made most wartime Nationalist issues effectively worthless by 1945.