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50 Yuan
| Issuer | People's Bank of China |
|---|---|
| Year | 1949 |
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| Composition | Log in to see details |
| Size | 150 x 70 mm |
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|---|---|
| Obverse lettering | 行銀民人國中 伍 拾 圓 年八十三國民華中 (Translation: People's Bank of China Fifty Yuan Year 38 of the Chinese Republic) |
| Reverse description | The reverse is dominated by a large central guilloche medallion bearing the numeral 50 in bold, flanked by two smaller rosette panels each containing the numeral 50. Elaborate interlocking guilloche scrollwork fills the entire field, printed in brown on a pale ground. The bank title 中國人民銀行 is inscribed across the upper margin, with the year 1949 centred along the lower border. |
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| Comments |
This note belongs to the First Series Renminbi (第一套人民币), issued under chaotic wartime-to-peacetime transition conditions as the Communist forces consolidated control across the mainland. The First Series was not a unified print run — it comprised 62 note types produced by multiple regional presses using inconsistent paper stocks and ink batches, which is why quality variation across surviving examples is extreme even within the same denomination and design.
The entire First Series was withdrawn from circulation in 1955 when the Second Series Renminbi launched at a conversion rate of 10,000 old yuan to 1 new yuan. Notes that weren't redeemed were effectively worthless, and few Chinese families had reason to hold onto them.