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1000 Yuan 6th issue

Uitgever People's Bank of China
Jaar 1951
Type Standard circulation banknote
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Beschrijving voorzijde 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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Beschrijving keerzijde Intricate guilloche patterns fill the entire field in dark olive-green ink, with two large circular rosette vignettes flanking a central panel. The central panel carries the Uyghur-script inscription for the bank name at the top and the denomination in Uyghur script in the middle, with the numeral 1000 repeated on either side. The year 1951 appears in a rectangular cartouche at the foot of the note.
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Opmerkingen

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The series was entirely withdrawn and replaced by the second renminbi in 1955 at a conversion rate of 10,000 old yuan to 1 new yuan, effectively rendering every first-series note obsolete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.

MISSCHIEN OOK INTERESSANT