Catalog
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| Issuer | Central Bank of China |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait vignette of Sun Yat-sen in intaglio at left, set within a guilloche rosette at centre bearing the denomination 貳仟圓 in Chinese characters. Serial numbers printed in the upper corners, with corner denomination panels reading 貳仟 at all four corners. The note is printed in violet on a lightly patterned underprint, with the issuer name 中央銀行 in bold Chinese characters across the upper centre and the date inscription along the lower margin. |
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| Obverse lettering | 行銀央中 圓仟貳 年五十三國民華中 (Translation: Central Bank of China Two Thousand Yuan Printed in the 35th year of the Republic) |
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| Comments |
The Central Bank of China turned to Waterlow & Sons for much of its high-denomination printing during the mid-1940s, as domestic facilities were overwhelmed by the sheer volume the wartime and postwar inflation demanded. By 1946, the Nationalist government's monetary situation was deteriorating rapidly — the money supply had expanded so aggressively during the Second Sino-Japanese War that new denominations were outpacing public comprehension of their own currency's value.
The 2000 Yuan denomination reflects exactly where that spiral stood in 1946: a figure that would have been unthinkable in prewar China. Within two years, it was rendered trivial by the Gold Yuan reform of 1948, which replaced three million old Yuan with a single new unit.