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5 Yuan Central Bank of China

Issuer Central Bank of China
Year 1941
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Size 142 × 72 mm
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Obverse lettering 行銀央中 圓伍
(Translation: Central Bank of China Five Yuan)
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Reverse lettering Central Bank of China Five Yuan National Currency
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Comments

By 1941, China's wartime finances were under severe strain — Japanese forces had overrun much of eastern China, forcing the Nationalist government to retreat to Chongqing and rely increasingly on foreign-printed currency to maintain monetary credibility. Thomas De La Rue's involvement was partly a matter of trust: domestically printed issues were vulnerable to Japanese counterfeiting operations, some of which were sophisticated enough to pass in rural markets.

Pick 235 belongs to a period when the Central Bank was issuing multiple overlapping series simultaneously, often with identical denominations but differing printers, signatures, and security specifications — a deliberate strategy against forgery that now creates significant attribution headaches for collectors.

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