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50 Yuan Bank of Central China
| Issuer | Bank of Central China |
|---|---|
| Year | 1945 |
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| Reference(s) | P#S3371 |
| Obverse description | Violet intaglio print on a fine guilloche underprint. A sailing ship at sea occupies the right portion of the note, with a biplane in flight above; the denomination 伍拾圓 appears in a large ornate panel at left. The bank title 華中銀行 is inscribed at top centre in Chinese characters, with the Republican era date 中華民國三十四年 along the lower border. |
|---|---|
| Obverse lettering | 華中銀行 伍拾圓 中華民國三十四年 華中鈔印 |
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| Comments |
The Bank of Central China was a puppet institution established under the Wang Jingwei regime's orbit, operating in Japanese-occupied central China during the Second Sino-Japanese War. By 1945, when this note was issued, the Japanese military position in China was deteriorating rapidly — the currency it backed was already in freefall against both the Nationalist fabi and commodity prices in the occupied zones.
Chung Hwa Book Company, one of China's major commercial printers, produced notes for multiple competing authorities during this period, a pragmatic arrangement that was not unusual given wartime conditions. Notes from this late-war issue rarely saw sustained circulation before the regime's collapse.