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25 000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen within an oval vignette at upper right, set against a rose-red guilloche underprint. Two official seals appear below the portrait, flanked by decorative borders. The serial number appears twice, in black, above and below the central vignette. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette of the Central Bank of China headquarters building in Shanghai, rendered in fine intaglio line engraving, occupying the upper portion of the note. Below, the denomination numeral 25,000 appears in large stylised figures, with two facsimile signatures of bank officials at lower centre. The printer's imprint of the American Bank Note Company appears at the bottom margin. |
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| Comments |
The Customs Gold Unit was introduced in February 1948 as a notional currency pegged to gold, intended to stabilize import duties at a time when the Gold Yuan and its predecessors were collapsing under hyperinflation. In practice, the peg held only briefly. By the autumn of 1948, the entire monetary system was in freefall, and denominations climbed into the tens of thousands almost immediately after the series launched.
ABNC produced the plates in New York; the notes were shipped to China for issue through the Central Bank. The 25,000 unit denomination signals how quickly the original anchoring rationale had dissolved.