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50 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1945 |
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| Value | Log in to see details |
| Currency | Yuan |
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| Obverse description | A circular vignette at left center contains a portrait of Mencius in classical robes against a fine-line underprint. The bank name 中國聯合準備銀行 is inscribed across the top, with the denomination 伍拾圓 in large Chinese characters at center and the numeral 50 repeated in the corners. An ornate guilloche rosette occupies the right field, framed by intricate floral and scroll border work in red tones. |
|---|---|
| Obverse lettering | 中國聯合準備銀行 伍拾圓 50 〈2〉 |
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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. By 1945, the bank was issuing notes into a collapsing occupation economy — inflation was severe, Japanese military fortunes were in steep decline, and the notes circulating that year did so against a backdrop of imminent institutional dissolution.
When Japan surrendered in August 1945, the Federal Reserve Bank of China was liquidated and its currency declared void by the Nationalist government. Notes from this final year had almost no window of valid circulation.