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50 000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen within an oval vignette at centre, set against a red guilloche underprint. The denomination 伍萬圓 appears in a central cartouche below the portrait, flanked by two rectangular seal impressions. Corner numerals and Chinese characters repeat the denomination at all four corners, with the issuer name 中央銀行 across the top and the serial number printed twice in black. |
|---|---|
| Obverse lettering | 行銀央中 關 金 伍 萬 圓 印年七十三國民華中 (Translation: Central Bank of China Fifty Thousand Customs Gold Units Printed in the 37th year of the Republic of China) |
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| Comments |
The Customs Gold Unit was introduced in February 1948 as a specialist denomination tied to import/export valuations, distinct from the collapsing fabi currency then hemorrhaging value. The CGB's attempt to ring-fence customs revenue from hyperinflation was administratively rational but practically futile — by mid-1948 the Gold Yuan reform swept all prior instruments aside anyway, rendering the entire CGU series short-lived almost by design.
The Central Bank printed this series in-house rather than contracting overseas, a wartime habit born of necessity that continued into the late Republic period. At the 50,000 unit face value, this note arrived near the top of the CGU denomination range.