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2 Yuan Central Bank of China

Issuer Central Bank of China
Year 1941
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Shape Rectangular
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Obverse lettering 行銀央中 圓貳 年十三國民華中 司公限有局書華中
(Translation: The Central Bank of China 2 Yuan The 30th year of the Republic of China Chung Hwa Book Co. Ltd.)
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Reverse lettering THE CENTRAL BANK OF CHINA TWO YUAN 1941 GENERAL MANAGER ASST. GEN. MANAGER CHUNG HWA BOOK CO., LTD.
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Comments

The Central Bank of China's 1941 series was issued deep into the Sino-Japanese War, by which point the Nationalist government had been operating from Chongqing for nearly three years. Printing in Shanghai was a complex arrangement — the city was under Japanese occupation, yet Chung Hwa Book Co. continued producing currency there for the Chongqing government through intermediary arrangements, at least for a period, before production was consolidated in interior cities.

Wartime inflation was already accelerating sharply by 1941. Notes of this denomination were effectively obsolete within a few years as hyperinflation rendered low-value fabi increasingly worthless.

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