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| 背面描述 | The reverse is dominated by a large central oval guilloche medallion bearing the numeral denomination 100 in bold characters, encircled by an elaborate scalloped border of interlocking guilloche lacework. The Chinese characters for one hundred yuan (壹百圓) appear in vertical panels to the left and right within the guilloche surround, and the bank title in Chinese characters is inscribed along the upper border. The legend "100 YUAN" is set in block lettering at the base of the central medallion. |
| 背面铭文 | 中國聯合備準銀行 壹 壹 百 百 圓 圓 100 YUAN |
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The Federal Reserve Bank of China was a Japanese-sponsored institution established in 1938 to manage currency in the occupied northern Chinese territories. Its notes circulated alongside — and were deliberately designed to displace — the Nationalist fabi, part of a broader Japanese strategy to destabilize Chiang Kai-shek's monetary system by flooding occupied zones with competing paper.
By 1943, wartime inflation was accelerating sharply across all Chinese currency zones, and higher denominations like this 100 Yuan were becoming increasingly necessary for routine transactions. The series was printed in Japan.