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1000 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
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| Reference(s) | P#413 |
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|---|---|
| Obverse lettering | 中央銀行 金券 壹仟圓 中央印製廠 (Translation: Central Bank of China / Gold Yuan / One Thousand Yuan / Central Printing Factory) |
| Reverse description | Intaglio vignette at left depicts a neoclassical government building, identified as a Nanjing municipal building, with a flagpole and surrounding grounds rendered in fine line engraving. At right, a large guilloche medallion frames the numeral 1000 above the legend ONE THOUSAND GOLD YUAN in a central cartouche. Two facsimile signature lines appear below, captioned GENERAL MANAGER and GOVERNOR, with the date 1949 in a framed panel at the bottom centre. |
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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.