10000 Yuan 6th issue

The first series Renminbi ran from 1948 to 1955, issued under extraordinary wartime and post-civil-war conditions with no single printing authority — notes were produced across multiple regional facilities, including Soviet-assisted plants, resulting in considerable variation in paper quality and ink consistency across the same denominations. This 10,000 Yuan note, among the highest face values in the series, reflects the severe inflation inherited from the Nationalist period, which had so thoroughly debased public trust in paper currency that enormous nominal values were necessary for routine transactions.

The entire first series was withdrawn and demonetized in 1955 when the second series Renminbi replaced it at a ratio of 10,000 old yuan to one new yuan.