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1000 Yuan Bank of Central China
| Issuer | Bank of Central China |
|---|---|
| Year | 1948 |
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| Shape | Rectangular |
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| Obverse description | Printed in red, the obverse carries a central vignette of a windmill at right centre, enclosed within an ornate cartouche bearing the denomination 壹仟圓 in Chinese characters. The bank title 華中銀行 appears along the top margin, with the Republican calendar date 民國三十七年 at the lower margin, and two seal chops affixed at the lower centre. Corner panels repeat the denomination 壹 and 仟 characters within guilloche borders. |
|---|---|
| Obverse lettering | 華中銀行 壹仟圓 民國三十七年 |
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| Comments |
The Bank of Central China (中央银行 zhōngyāng yínháng is distinct from the Nationalist Central Bank of China — this was a Communist-administered regional bank operating in the Liberated Areas of central China during the final phase of the civil war. Notes like this 1000 Yuan were issued as the People's Liberation Army consolidated control over Hubei, Hunan, and Henan, functioning as a transitional monetary instrument ahead of the establishment of the People's Bank of China in December 1948.
High denominations in this series reflect severe inflation plaguing both Nationalist and Communist-administered zones by 1948. The note's regional circulation was short — once the renminbi was introduced, conversion campaigns moved quickly to withdraw these issues.