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200 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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Size 150 x 67 mm
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Obverse description Portrait of Sun Yat-sen in an oval vignette at left, set against a fine guilloche underprint in purple-brown. The bank title 中央銀行 is inscribed across the top, with the denomination 貳佰圓 and the Republican year 三十四年 appearing in the lower field. Corner ornaments carry the abbreviated denomination 貳百 in stylized Chinese script.
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Reverse description Intricate guilloche lacework dominates the center, framing the large denomination characters 貳佰圓 within an ornate cartouche. Two manuscript signatures appear to the left and right of the central vignette. Numeral 200 is repeated in each corner, with decorative scroll borders running along all four edges in a uniform purple-brown tone.
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Comments

The 200 Yuan denomination was introduced in 1945 as wartime inflation forced the Central Bank of China to keep pace with rapidly collapsing purchasing power. By this point the Nationalist government's currency, the Fabi, was deteriorating fast — the 200 Yuan note, a figure that would have seemed extraordinary just a few years earlier, was already struggling to cover basic transactions in occupied and liberated areas alike.

Printed domestically by the Central Bank of China Printing Works rather than contracted abroad as many earlier Nationalist issues were, the production quality reflects the resource constraints of the final war years.

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