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5 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 5 Yuan |
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| Obverse description | A vignette of a traditional Chinese pavilion set within landscaped grounds occupies the left field, while a portrait of Yueh Fei holding a book is rendered in intaglio at right. The denomination 伍圓 (5 Yuan) is printed in large Chinese characters at centre, flanked by two red seal stamps, with the bank title 中國聯合準備銀行 in Chinese characters across the upper portion. Guilloche borders with repeating numeral '5' run along the top and bottom margins, and Arabic numeral '5' appears in ornate cartouches at the lower corners. |
|---|---|
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| Reverse lettering | 中國聯合準備銀行 伍 圓 5 YUAN 5 |
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| Comments |
The Federal Reserve Bank of China was a Japanese-sponsored institution established in 1938 to manage currency in the occupied territories of northern China. Its notes circulated in parallel with — and were deliberately designed to displace — Nationalist fabi, with exchange rates manipulated to drain hard currency from the occupied population.
By 1944, wartime paper shortages were affecting print quality across the occupied zone issues. This late-series note was printed under increasingly constrained conditions as Allied pressure on Japanese supply lines intensified.