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100 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette shows a pai-lou (ceremonial gate) in a landscape setting, printed in red on a light background. The denomination 壹百圓 appears twice flanking the central vignette, with the issuer name 中央銀行 across the top. Serial number panels appear at upper left and upper right, with the Republican era date inscription along the lower margin. |
|---|---|
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| Reverse description | Intricate guilloche lathe-work fills the entire field in red, with a large numeral 100 at centre within an oval panel, flanked by smaller numeral panels at left and right. The issuer name THE CENTRAL BANK OF CHINA runs across the top, with ONE HUNDRED YUAN and the year 1944 inscribed at the lower centre. Two manuscript signature lines appear across the middle of the note. |
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| Comments |
By 1944, the Central Bank of China's wartime note production was operating under severe constraints — Japanese occupation had disrupted supply chains, and multiple printing facilities across Free China were running simultaneously with inconsistent quality control. P#261 belongs to a period when the bank was issuing enormous volumes of currency to finance Nationalist military expenditure, a policy that was already accelerating the inflationary spiral that would eventually make these notes nearly worthless within two years of issue.
The self-printed designation here is significant. By this point the bank had lost reliable access to foreign security printers like American Bank Note Company, which had produced earlier, higher-quality series.