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100 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
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| Composition | Log in to see details |
| Size | 154 × 60 mm |
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| Obverse description | Olive-green on light tan underprint. Oval vignette at left with an intaglio view of a traditional Chinese city gate with arched entrance and crenellated walls. The denomination 壹佰圓 is set within an ornate guilloche panel at right, flanked by floral rosette motifs. Two red seal impressions appear in the lower portion, with the issuer and date inscriptions printed at top and bottom. |
|---|---|
| Obverse lettering | 中央銀行 東北九省流通券 壹佰圓 中華民國三十四年印 中央製印廠上海廠 (Translation: Central Bank of China / Circulation notes for the Nine Northeastern Provinces / One Hundred Yuan / Printed in the 34th year of the Republic of China / Central Engraving and Printing Plant, Shanghai Factory) |
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| Comments |
By 1945, the Central Bank of China was printing money faster than it could manage the consequences. This 100 Yuan note entered circulation during the final year of the Second Sino-Japanese War, when wartime expenditure and Japanese military occupation of key economic zones had already sent inflation into a steep upward spiral. The Central Engraving and Printing Plant in Shanghai — which had operated under Japanese-controlled conditions for much of the war — resumed Nationalist production as the military situation shifted.
The note belongs to a series that would be entirely overwhelmed by hyperinflation within three years. By 1948, 100 Yuan was functionally worthless, and the Gold Yuan reform wiped the entire fabi currency system from circulation.