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200 Yuan

Issuer Central Reserve Bank of China
Year 1944
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Reference(s) P#J30
Obverse description Central vignette of Dr. Sun Yat-sen in portrait bust, set within an oval frame. The note is executed in reddish-brown tones with elaborate guilloche and ornamental underprint patterns filling the surrounding field. Chinese characters appear throughout the design.
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Reverse lettering The Central Reserve Bank of China
Two Hundred Yuan
Governor Vice Governor
1944
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Comments

The Central Reserve Bank of China was a collaborationist institution established under the Japanese-backed Wang Jingwei regime in Nanjing, and its notes circulated in the occupied territories of central and eastern China as the intended replacement for Chongqing-issued fabi. By 1944, hyperinflationary pressure across all Chinese currency zones was severe, and the 200 Yuan denomination — among the higher face values in this series — reflects the accelerating purchasing power collapse that plagued both the occupation economy and the Nationalist one simultaneously.

Printed domestically rather than abroad, the production quality is noticeably coarser than earlier CRBC issues that relied on Japanese facilities. The regime collapsed in August 1945; most of this paper was rendered worthless within weeks.

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