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200 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Shape | Rectangular |
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| Obverse description | A vignette of the New Summer Palace (Yiheyuan) in Beijing occupies the right portion of the note, rendered in a brownish intaglio style with mountains visible in the background. To the left, a large green guilloche panel bears the denomination characters 貳佰圓 in bold script, flanked by two red seal impressions at the lower centre. The bank title 中國人民銀行 runs along the top in brown letterpress, with the denomination 貳佰 repeated in the four corners. |
|---|---|
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| Reverse description | The reverse is printed in olive-brown tones and dominated by an elaborate central guilloche medallion bearing the numeral 200, enclosed within a quatrefoil frame and surrounded by dense lathe-work scrollwork. The denomination numeral 200 is repeated three times in the flanking rectangular panels to the left and right, and again in the four outer corners. The bank name 中國人民銀行 arcs across the top of the central medallion, with the year 1949 inscribed at its base. |
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| Comments |
This denomination sits in the middle of the People's Bank of China's first series (第一套人民币), issued during the final phase of the civil war while the PLA was still consolidating control over large portions of the country. The first series was produced under chaotic conditions across multiple printing facilities of varying technical capability, which accounts for the considerable variation in paper quality and impression sharpness found across denominations and dates within the series.
The entire first series was withdrawn from circulation in 1955 when the second series renminbi was introduced at a conversion rate of 10,000 old yuan to 1 new yuan — effectively erasing the denomination's practical value overnight.