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400 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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Currency Yuan (1912-1948)
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Reverse description The reverse is printed entirely in green, with a central rectangular panel bearing the large Chinese characters 肆佰圓 flanked by the numeral 400 on each side. Two vertical columns of Chinese text with signature inscriptions appear to the left and right of the central panel, all enclosed within an elaborate multi-layered guilloche border with floral corner ornaments.
Reverse lettering 肆佰圓
400
(Translation: Four Hundred Yuan)
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Comments

The 400 Yuan denomination is one of the more awkward figures in the Central Bank of China's wartime series — not a round number, not a prestige note, but a practical response to accelerating inflation that was rendering lower values nearly useless by mid-1945. The Central Printing Factory was under severe strain during this period, producing enormous quantities of notes across multiple denominations as the Nationalist government struggled to finance operations against both Japanese forces and the Communists.

Pick 281 is not a heavily documented issue, and surviving examples in any condition are less frequently encountered than the higher-profile denominations from the same year.

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