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250 000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | 1948 |
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| Obverse description | Portrait of Sun Yat-sen within an oval vignette at centre, framed by guilloche borders. Two red seal impressions appear below the portrait, with the denomination value printed in a central guilloche panel beneath. Serial number in red appears at top and bottom, with the issuer name in Chinese characters across the top. |
|---|---|
| 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 work with a clock tower visible at upper right. The numeral value 250,000 and denomination inscription appear below the building vignette within a ruled panel. Two facsimile signatures of bank officials are printed at the lower centre, with denomination numerals repeated in the four corners. |
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| Comments |
The Customs Gold Unit was a short-lived accounting denomination introduced by the Nationalist government in 1948 as the gold yuan reform was already visibly collapsing. It was nominally pegged to gold and intended to stabilize customs revenue collection, but hyperinflation had so thoroughly destroyed confidence in paper instruments that the unit's purchasing power eroded almost immediately after notes entered circulation.
The 250,000 CGU denomination reflects just how far the situation had deteriorated by late 1948. Printing was handled in-house at the Central Bank's Shanghai works — a city that would fall to Communist forces within months of this note's issue.