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1000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
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| Composition | Log in to see details |
| Size | 152 x 67 mm |
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| Obverse description | An intaglio vignette of Sun Yat-sen occupies the right portion of the note, set within an ornate guilloche border with floral cornerpieces. The denomination 壹仟圓 appears in large Chinese characters at centre-left, with the bank title 中央銀行 running across the top margin and the Republican year inscription along the lower margin. Serial numbers are positioned in the upper left and upper right corners. |
|---|---|
| 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) |
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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.