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1000 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Shape | Rectangular |
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| Obverse description | A central vignette presents a panoramic agricultural scene with tractors working the fields, flanked by additional tractor vignettes at the left and right margins. The denomination 壹仟圓 appears in a central panel, with the bank title 中國人民銀行 across the top and guilloché ornamental panels framing the composition. The date inscription 中華民國三十八年 runs along the lower border. |
|---|---|
| Obverse lettering | 行銀民人國中 壹 仟 圓 年八十三國民華中 (Translation: People's Bank of China One Thousand Yuan Year 38 of the Chinese Republic) |
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| Comments |
Pick 848 belongs to the First Series Renminbi, which the People's Bank of China began issuing in December 1948 — before the Communist government had formally consolidated control over the mainland. The 1000 Yuan denomination was necessary almost immediately because hyperinflation inherited from the Nationalist period had obliterated the purchasing power of smaller notes before the ink was dry on the new currency's founding legislation.
Several distinct printings exist within this type, made under difficult wartime logistics, and differentiating them requires attention to paper stock and minor typographic variations rather than any single obvious marker.