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5 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | The reverse is printed entirely in red on a plain light ground, dominated by an elaborate guilloche border enclosing a central panel with the denomination 伍圓 (Five Yuan) in large Chinese characters. Numeral 5 devices appear at each side within the decorative framework, and two columns of Chinese text are present at the left and right margins within the border. |
| Reverse lettering | 圓伍 (Translation: Five Yuan) |
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| Comments |
The Central Bank of China issued this note in 1945, a year in which the institution was simultaneously trying to finance the Nationalist war effort against Japan and manage an inflation rate that was already beginning to spiral beyond any realistic policy response. The Central Engraving and Printing Plant's Shanghai Factory — operating under extraordinary wartime pressure — was producing notes in enormous quantities during this period, and the 5 Yuan denomination became increasingly marginal in practical purchasing power almost from the moment of issue.
By 1948, the full Nationalist currency system collapsed into hyperinflation and was replaced by the Gold Yuan. Most circulating paper from this period was rendered worthless within three years of printing.