Catalog
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| Issuer | Central Bank of Manchukuo |
|---|---|
| Year | 1933 |
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| Shape | Rectangular |
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| Obverse description | The obverse is dominated by a large central vignette of the Manchukuo flag in full colour — yellow field with the tricolour canton — at left, and a vignette of the Manchukuo Imperial Palace building at right, rendered in brown intaglio. The large Chinese numeral 五 (five) is printed centrally between the two vignettes, framed by ornate guilloche scrollwork at each corner. The issuing authority inscription 滿洲中央銀行 (Central Bank of Manchou) appears in the upper portion, with the serial number and prefix block printed in red. |
|---|---|
| Obverse lettering | 滿洲中央銀行 五圓 |
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| Comments |
Manchukuo was declared a state in March 1932 under Japanese sponsorship, and the Central Bank of Manchukuo was established almost simultaneously — less a central bank in any conventional sense than a currency-control mechanism for the occupation. This 1933 issue was among the earliest notes the institution produced, with printing contracted to the Tokyo Bureau of Engraving and Printing, reflecting the complete absence of any local production infrastructure in the new puppet administration.
The yuan issued here was pegged to the Japanese yen at par — a deliberate policy to bind Manchurian monetary circulation tightly to Tokyo and prevent any independent economic maneuvering by local interests.