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1000 Yuan 6th issue
| Issuer | People's Bank of China |
|---|---|
| Year | 1951 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette of a herd of horses grazing near a body of water with nomadic tents in the background, rendered in fine intaglio line work on a light underprint. The bank title in Chinese characters runs along the top, with the denomination 壹仟圓 displayed in large characters below the vignette. Two red seal impressions flank the lower portion of the note, with the date 一九五一年 appearing along the bottom margin. |
|---|---|
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| Reverse lettering | جوڭگو خەلق بانكاسى بىر مىڭ دوللار 1000 1951 (Translation: People's Bank of China One Thousand Yuan 1000 1951) |
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| Comments |
The sixth issue of the first renminbi series, this 1000 Yuan note belongs to a denomination group that was already becoming structurally awkward by the time of printing — rampant inflation inherited from the Nationalist period had forced the People's Bank to issue notes at increasingly large face values almost immediately after the PRC's founding in 1949. The first series ultimately required fifteen denominations to function, a direct consequence of that inflationary damage.
The series was entirely withdrawn and replaced by the second renminbi in 1955 at a conversion rate of 10,000 old yuan to 1 new yuan, effectively rendering every first-series note obsolete overnight.