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1000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
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| Value | Log in to see details |
| Currency | Yuan (1912-1948) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中央銀行 壹仟圓 中華民國三十四年 (Translation: Central Bank of China / One Thousand Yuan / 34th Year of the Republic of China) |
| Reverse description | The entire field is filled with symmetrical engine-turned guilloche lathe-work forming an intricate underprint, with the numeral 1000 printed in large figures at left and right. The Chinese denomination 壹仟圓 appears in bold characters at centre within a decorative cartouche. Two manuscript signatures are placed at lower left and lower right against the fine geometric underprint. |
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| Comments |
By 1945, the Central Bank of China was printing currency at a pace that bore no relationship to any underlying reserve. The 1,000 Yuan denomination — unthinkable a decade earlier — was a direct consequence of wartime hyperinflation that had been grinding through the economy since Japan's 1937 invasion. The Chongqing government's deficit spending was financed almost entirely through the note-issuing press.
P#291 is one of several high-denomination notes rushed into production in the war's final year. Circulation life was short and brutal — purchasing power eroded within months, and the series was quickly eclipsed by even larger denominations as the Nationalist fiscal position collapsed toward 1949.