Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
20 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 20 Yuan |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Portrait of Chiang Kai-shek in military uniform at right, rendered in intaglio against a red guilloche underprint. The central vignette carries the denomination in Chinese characters, with the bank title 中央銀行 inscribed across the top. Corner numerals repeat the denomination value, and two red seal impressions appear at lower centre. |
|---|---|
| Obverse lettering | 中央銀行 貳拾圓 (Translation: Central Bank of China Twenty Yuan) |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
By mid-1948, hyperinflation had so thoroughly destroyed confidence in Chinese Nationalist currency that the Central Bank was printing notes whose face value became meaningless within days of issue. This 20 Yuan denomination was already an anachronism at release — the Gold Yuan reform of August 1948 would replace the entire Fabi series within weeks, at a conversion rate of three million old yuan to one Gold Yuan, itself destined to collapse within months.
The Central Engraving and Printing Works struggled to keep pace with demand during this period, and quality control across the late Fabi issues reflects that pressure.