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| 正面描述 | The obverse is printed in red and orange tones on a light ground, with an elaborate central guilloche medallion bearing the denomination characters 伍拾圓 (Fifty Yuan) in large script. Flanking oval cartouches at left and right carry the branch overprint 重慶 (Chungking), and the four corners display circular rosette vignettes with the denomination repeated. The bank title 中央銀行 appears in bold characters across the top panel, with the promise-to-pay legend and date inscription 中華民國十七年 at the foot. |
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| 背面描述 | The reverse is printed in dark blue-grey intaglio on a light ground, with an intaglio portrait of Sun Yat-sen set within a fine engine-turned oval medallion at centre. Large numeral 50 counters appear to the left and right of the portrait, surrounded by intricate guilloche lathe-work panels. Two facsimile signatures appear below the portrait — Asst. Manager at left and General Manager at right — with the denomination tablet FIFTY DOLLARS NATIONAL CURRENCY and the branch designation CHUNGKING 1928 centred below. |
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The Central Bank of China was formally established in 1928 under the Nationalist government, and this 50 Yuan note belongs to that inaugural emission — one of the first issues carrying the new institution's name as Chiang Kai-shek's administration attempted to consolidate financial authority across a deeply fractured country. The American Bank Note Company's involvement was a deliberate signal of credibility; foreign-printed currency carried implicit guarantees of quality that domestic printing could not yet offer to a skeptical public.
P#198 is notably scarce in any grade, likely a reflection of limited original distribution rather than heavy circulation losses.