1000 Yuan Central Bank of China

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.