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50 Yuan Central Bank of China

Issuer Central Bank of China
Year 1945
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Size 135 × 60 mm
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Obverse description Printed in monochrome red, the obverse bears an intaglio oval vignette of Dr. Sun Yat-sen at left, framed by guilloche border work and corner denominational tablets reading 伍拾 (fifty). A decorative cartouche at right encloses the large Chinese denomination characters 伍拾圓, flanked by two red seal impressions. Bank name 中央銀行 appears across the top, with the date inscription and printer's imprint running along the lower margin.
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Reverse description The reverse is printed in monochrome red and displays a central guilloche rosette medallion set within an ornate lozenge-shaped frame, flanked by the numeral 50 on both sides. The denomination 伍拾圓 appears in large characters at centre, with two vertical signature columns in Chinese script positioned to the left and right of the central design. The entire composition is enclosed within a scalloped and hatched decorative border with corner denomination panels.
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This note was issued in the final year of the Second Sino-Japanese War, when the Central Bank of China was printing currency at a pace it could not sustain. By 1945, wartime spending had already set inflation on a trajectory that would become catastrophic within three years — the 50 Yuan denomination, significant in 1940, was losing practical meaning fast.

The Central Engraving and Printing Plant had been relocated and reconstituted during the war years, its output shaped as much by material shortages as by design intentions. Notes from this period frequently show uneven ink distribution and variable paper quality as a result.

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