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1000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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In circulation to 1948
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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)
Reverse description The reverse is printed entirely in red-brown on a dense all-over guilloche underprint, with a large central cartouche enclosing the denomination in Chinese characters. The numeral 1000 appears in each of the four corners, and two smaller signature panels with printed authorisation characters are positioned to the left and right of the central vignette within the decorative border framework.
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The 1945 date places this note in the final stretch of the Second Sino-Japanese War, when the Central Bank of China was printing enormous volumes of currency to cover wartime expenditure. Inflation was already catastrophic by this point — the money supply had expanded roughly 300-fold since 1937 — and the 1000 Yuan denomination, which would have seemed extraordinary in peacetime, was already struggling to hold practical purchasing power by the time it reached circulation.

The Central Bank of China Printing Works had been relocated inland to Chongqing during the Japanese advance, a logistical disruption that affected paper quality and production consistency across the mid-1940s series.

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