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| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 1000 Yuan |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 券圓金 壹 仟 圓 (Translation: Central Bank of China Gold Yuan note One Thousand Yuan) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA ONE THOUSAND GOLD YUAN 1949 GENERAL MANAGER GOVERNOR CHUNG HWA BOOK CO., LTD. |
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| Comments |
By early 1949, the Nationalist government's currency was in freefall. The Gold Yuan — introduced in August 1948 as a supposedly stabilizing reform — had already collapsed, and denominations that would have seemed absurd a year earlier were now routine. This 1,000 Yuan note from Chung Hwa Book Co. in Shanghai belongs to the final, desperate phase of Central Bank of China issuance, when the press ran continuously and purchasing power evaporated faster than notes could be distributed.
Chung Hwa was one of several Shanghai printers the Central Bank leaned on as the PLA advanced. The Communist takeover of Shanghai came in May 1949, effectively ending this series mid-circulation.