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| 背面描述 | Vignette of a traditional Chinese pavilion-style building at right, rendered in brown intaglio with fine architectural detail. A large central rosette medallion bears the numeral 100, flanked by corner denomination numerals. Two facsimile signatures appear below the central design, attributed to the General Manager at left and the Governor at right, with the date 1944 at the foot. |
| 背面铭文 | THE CENTRAL BANK OF CHINA ONE HUNDRED YUAN NATIONAL CURRENCY 1944 |
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By 1944, the Central Bank of China was printing currency at a pace that outstripped any plausible backing. Wartime inflation had been grinding since 1937, and the 100 Yuan denomination — substantial before the war — was losing purchasing power faster than notes could reach circulation. The Central Printing Factory was one of several facilities pressed into service to meet demand, with quality control suffering accordingly across the series.
H.H. Kung served as Governor of the Central Bank from 1933 to 1945, his tenure covering nearly the entire Sino-Japanese War. His signature on this note coincides with the period of most severe monetary deterioration, preceding the catastrophic hyperinflation that would follow.