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100 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Brown to red-brown note with a central vignette of the Imperial Resting Quarters set against a mountainside at left, with a portrait of Huang Ti at right. The design is framed by guilloche borders and ornamental underprint typical of wartime Japanese-occupied currency issues. |
|---|---|
| Obverse lettering | 中國聯合準備銀行 壹百圓 (Translation: Federal Reserve Bank of China 100 Yuan) |
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| Comments |
The Federal Reserve Bank of China was a Japanese-controlled institution established in occupied North China in 1938, and by 1945 the notes it was issuing had lost almost all purchasing credibility. Inflation in occupied territories was running at a pace that made large denominations obsolete within months of printing. This 100 Yuan note was issued in the final year of Japanese occupation — the surrender came in August 1945 — meaning many notes from this period were circulating simultaneously with competing currencies and were repudiated shortly after liberation.
Pick J88 belongs to a late-series run printed without the security sophistication of earlier wartime issues. Surviving examples often show heavy use, a product of rapid turnover in a collapsing monetary environment.