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2000 Yuan Central Bank of China

Issuer Central Bank of China
Year 1947
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Value 2000 Yuan
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Obverse description Vignette at left with a traditional Chinese city gate tower set within a courtyard scene, rendered in fine intaglio engraving. The note carries a dense guilloche underprint across the field, with the large denomination numeral characters 貳仟圓 displayed centrally in bold letterpress. Two red seal stamps appear at the lower right, alongside the date inscription referencing the 36th year of the Republic of China.
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Reverse description Central vignette presents an aerial perspective of the Great Wall of China stretching across a mountainous landscape, executed in detailed intaglio engraving. The denomination 貳仟圓 appears in large characters within ornate guilloche panels on both the left and right sides of the note. The Arabic numeral 2000 is printed in letterpress along the lower centre, flanked by intricate geometric border work.
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By 1947, the Central Bank of China was issuing notes in denominations that would have been unthinkable five years earlier. Hyperinflation driven by wartime military expenditure and postwar Nationalist-Communist conflict had rendered lower denominations functionally useless, forcing the bank to accelerate production dramatically. The Printing Works could not keep pace with demand, and multiple facilities — including contracted foreign printers for other series — were operating simultaneously.

The P#383 belongs to the inflationary cascade that preceded the 1948 monetary reform, when the gold yuan was introduced at a conversion rate of 3,000,000 old yuan to one gold yuan. That figure alone explains why this note circulated hard and briefly.

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