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1000 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
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| Composition | Paper |
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| Obverse description | Portrait of Chiang Kai-shek in military uniform at right, rendered in intaglio against a fine engine-turned guilloche underprint in red and green. The denomination 壹仟圓 appears in large characters within an ornate dark central vignette surrounded by rosette and floral guilloche patterns. Corner medallions carry the denomination numerals in Chinese characters, and the bank title 中央銀行 is inscribed in bold characters at the top. |
|---|---|
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| Reverse lettering | THE CENTRAL BANK OF CHINA ONE THOUSAND GOLD YUAN 1000 1949 GENERAL MANAGER GOVERNOR |
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| Comments |
By early 1949, the Central Bank of China was issuing notes at denominations that would have seemed absurd just two years prior. This 1000 Yuan belongs to the final hyperinflationary spiral of the Gold Yuan reform — itself a desperate replacement for the collapsed Fabi system — during which the nationalist government printed at a pace that rendered denominations obsolete within weeks of issue.
The Gold Yuan had been introduced in August 1948 at a legally enforced exchange rate backed by nothing meaningful. Within months, confidence had collapsed entirely. Notes in this range circulated briefly if at all before the People's Liberation Army's advances made the question academic.