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1000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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Value 1000 Yuan
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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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Reverse lettering 壹千圓
1000
副局長 田蔚進
局長 李骏祁
(Translation: One Thousand Yuan / Deputy Director Tian Weijin / Director Li Junqi)
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Comments

The Central Bank of China issued this 1000 Yuan note amid accelerating wartime inflation that was already undermining any practical relationship between face value and purchasing power. By 1945, the Nationalist government's fiscal position had deteriorated severely after years of war with Japan — money supply expansion had far outpaced any productive backing, and denominations that would have seemed extraordinary before the war were becoming routine.

The Central Bank of China Printing Works in Shanghai had been disrupted and partially relocated during the Japanese occupation, and production quality across this period varied considerably as a result. Post-liberation hyperinflation rendered notes like this effectively worthless within months of issue.

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