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200 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Value | 200 Yuan |
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|---|---|
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| Reverse description | The reverse is dominated by an elaborate guilloche underprint of interlocking floral and scrollwork patterns, with the numeral 200 set within octagonal medallions at left and right. The denomination 貳佰圓 is printed in large Chinese characters at centre within a decorative floral frame, and the issuing authority 中國人民銀行 appears across the top. The year 1949 is inscribed in Arabic numerals along the lower border. |
| Reverse lettering | 中國人民銀行 貳佰圓 1949 (Translation: People's Bank of China / Two Hundred Yuan / 1949) |
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| Comments |
This note belongs to the First Series Renminbi (第一套人民币), issued by the People's Bank of China beginning in December 1948 — before the Communist government had fully consolidated control of the mainland. Production was necessarily decentralized, with different denominations printed at separate facilities across liberated zones, resulting in measurable variation in ink quality, paper stock, and register precision across surviving examples of the same denomination.
First Series notes were officially withdrawn from circulation in 1955, when the Second Series Renminbi replaced them at a conversion rate of 10,000 old yuan to 1 new yuan — a ratio that illustrates the inflationary damage the currency had absorbed during the civil war period.