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10000 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 10 000 Yuan (10 000) |
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|---|---|
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| Reverse description | The central vignette on the reverse shows a pastoral scene of a boy herding cattle beneath a large tree, executed in brown intaglio with fine line engraving. The denomination 10000 appears in numerals on both the left and right sides, flanked by elaborate guilloche rosette panels with 壹萬 in Chinese characters. The bank title 中國人民銀行 is printed at the top centre. |
| Reverse lettering | 中國人民銀行 壹萬 10000 (Translation: People's Bank of China / 10,000) |
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| Comments |
This note belongs to the first series issued by the People's Bank of China, established just months before the proclamation of the People's Republic. The 10,000 yuan denomination reflects the catastrophic inflation inherited from the Nationalist government — by the time communist forces had consolidated control over most of the mainland, the old Nationalist fabi and gold yuan had collapsed so completely that denominations in the tens of thousands were a practical necessity, not an extravagance.
The series was short-lived. In 1955, the PRC introduced the second renminbi series at a conversion rate of 10,000 old yuan to 1 new fen, rendering the entire first series obsolete overnight.