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50 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Thomas De La Rue & Company, Limited |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中央銀行 伍拾圓 (Translation: Central Bank of China / Fifty Yuan) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA FIFTY YUAN 50 1948 THOMAS DE LA RUE & COMPANY, LIMITED |
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| Comments |
By mid-1948, the Nationalist government's finances were in terminal collapse. The Central Bank had been printing at a pace that made individual denominations obsolete within weeks of issue, and the 50 Yuan note was effectively a transitional stopgap — the Gold Yuan reform that August would render the entire existing paper currency worthless, converting at a rate of three million old Yuan to one Gold Yuan.
De La Rue's London production was standard practice for Nationalist-era high-denomination issues, though the logistical absurdity of shipping currency from England to a country mid-collapse was not lost on contemporaries.