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5 Yuan
| Issuer | Central Bank of Manchukuo |
|---|---|
| Year | 1938 |
| 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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| Reference(s) | P#J131 |
| Obverse description | Black intaglio print on brown underprint; portrait vignette of Mencius (372–290 BC), the Confucian philosopher known as the Second Sage, shown at right wearing a traditional feather crown. Large numeral "5" appears at left, with red seven-digit serial numbers positioned at upper left and lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in brown, the reverse centres on a vignette of the Central Bank of Manchou headquarters building in Hsinking, enclosed within a decorative guilloche border. The numeral "5" denomination appears in each of the four corners. |
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| Comments |
Manchukuo's Central Bank was established in 1932 as the sole monetary authority of the Japanese puppet state, replacing a chaotic patchwork of regional currencies. This 1938 issue belongs to a series printed to support the accelerating war economy, as Japanese military expenditure in China was placing severe pressure on money supply across the occupied territories.
The bank's notes circulated under a managed exchange rate pegged to the Japanese yen, enforced by law rather than market confidence. Counterfeiting of Manchukuo currency by Chinese resistance networks was widespread enough that Japanese authorities issued periodic warnings and modified security features across successive print runs during this period.