Catalog
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| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen within an oval vignette at left, set against an intricate guilloche underprint in red-violet tones. The large denomination characters 壹仟圓 appear at centre-right within an ornate cartouche, flanked by repeated denomination panels along both vertical margins. Serial number appears twice across the upper portion of the note, with the bank title 中央銀行 in large characters across the top and the Republic of China dating inscription printed along the lower margin. |
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| Obverse lettering | 中央銀行 壹仟圓 中華民國三十四年印 (Translation: Central Bank of China / One Thousand Yuan / Printed in the 34th Year of the Republic of China) |
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| Comments |
By 1945, the Central Bank of China was printing notes at a pace driven entirely by wartime inflation rather than monetary demand. The 1,000 Yuan denomination, unthinkable before the war, had become functionally mid-range by the time of issue — a measure of how completely the currency had collapsed in real purchasing power during the Sino-Japanese War years.
The Central Bank's own printing works had been relocated inland following the fall of Nanjing, and production quality across the 1945 issues reflects the constraints of that displacement. Paper consistency and ink registration on P#292 specimens vary noticeably across the run.