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2000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1947 |
| Type | Log in to see details |
| Value | 2000 Yuan |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 圓仟貳 印年六十三國民華中 (Translation: Central Bank of China Two Thousand Yuan Printed in the 36th year of the Republic) |
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| Reverse lettering | 2000 圓仟貳 (Translation: Two Thousand Yuan) |
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| Comments |
By 1947, the Central Bank of China was printing high-denomination notes at a pace that made the currency nearly worthless on arrival. This 2,000 Yuan note was part of a desperate inflationary spiral: the money supply had expanded so catastrophically during and after the Sino-Japanese War that denominations which would have seemed unimaginable a decade earlier became everyday transaction notes within months of issue. The Central Printing Factory in Shanghai was running at capacity, and even so, demand for currency outstripped production.
Chen Zhuyou served as Governor, Liang Ping as Deputy Governor — the pairing appears across the high-denomination issues of this period as hyperinflation rendered each successive series obsolete almost immediately after printing.