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2000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1947 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 券通流省九北東 圓仟貳 印年六十三國民華中 (Translation: Central Bank of China Circulation Notes in Northeastern 9 Provinces Two Thousand Yuan Printed in the 36th year of the Republic of China) |
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| Reverse lettering | 貳 仟 圓 (Translation: Two Thousand Yuan) |
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| Comments |
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.