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200 Yuan Bank of Central China

Issuer Bank of Central China
Year 1946
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Printer Central Printing Factory (華中印鈔廠)
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Obverse lettering 華中銀行
貳百圓
中華民國二十五年
華中鈔印
Reverse description Brown letterpress print. Two large circular guilloche rosettes, each with the numeral 200 at centre, occupy the left and right portions of the note, with wheat stalks flanking the outer edges. A central rectangular panel with fine geometric guilloche underprint bears vertical Chinese text and the year 1945 at the base; small denomination numerals 200 appear in circular cartouches above each rosette.
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Comments

The Bank of Central China was a Communist-administered institution operating in the Liberated Areas during the civil war period, issuing its own currency in competition with the Nationalist government's legal tender. These notes functioned as a parallel monetary system in territory under CCP control, and their circulation was inherently political — acceptance was enforced in Communist-held zones, refused or suppressed outside them.

The Central Printing Factory (華中印鈔廠) was a field operation, not a stable industrial press, which accounts for the variable print quality and paper stock seen across this series. Surviving examples in any consistent state are harder to find than their nominal scarcity figures suggest.

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