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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 | Black intaglio on olive green underprint with red serial numbers and seals. A portrait vignette of Sun Yat-sen is positioned at right, rendered in a fine engraved style typical of Chinese nationalist-era issues. Inscriptions appear in Chinese characters across the note identifying the issuing authority, denomination, and the 33rd year of the Republic. |
|---|---|
| Obverse lettering | 行銀央中 圓佰壹 印年三十三國民華中 (Translation: Central Bank of China One Hundred Yuan Printed in the 33rd year of the Republic) |
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| Comments |
The Central Bank of China was printing enormous volumes of currency through the early 1940s to fund Nationalist war expenditures against both Japanese forces and the Communist armies — a dual-front fiscal drain that made inflation increasingly unmanageable. By 1944 the money supply had expanded so aggressively that a 100 Yuan note, once a significant sum, had been reduced to trivial purchasing power. Notes from this period circulated hard and fast; velocity of circulation was extreme, which is why worn examples vastly outnumber anything approaching uncirculated.
P#260A is one of several overlapping 100 Yuan issues from this year, a volume that itself reflects the desperation of Chongqing's wartime finances.