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1000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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Reference(s) P#295
Obverse description Portrait of Sun Yat-Sen in an oval vignette at left, set against a lightly printed guilloche underprint covering the entire field. The large Chinese characters for the denomination appear at centre-right, flanked by two red seal stamps. The bank title runs across the top margin and the date inscription in the 34th year of the Republic is placed along the lower border.
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Reverse lettering 1000
壹仟圓
(Translation: One Thousand Yuan)
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Comments

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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