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| 正面铭文 | 中國聯合準備銀行 伍拾圓 50 〈2〉 |
| 背面描述 | The reverse is printed in orange and green, centered on a large guilloche panel bearing the denomination 伍拾圓 in Chinese characters within an elaborate lacy frame. The numeral 50 appears in corner panels at left and right, and a small circular emblem is positioned at the top center above the main guilloche field. The overall design relies entirely on fine-line geometric underprint patterns with no pictorial vignette. |
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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.