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500 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#409 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 券圓金 圓佰伍 廠製印央中 (Translation: Central Bank of China Gold Yuan note Five Hundred Yuan Central Printing Plant) |
| Reverse description | Log in to see details |
| Reverse lettering | THE CENTRAL BANK OF CHINA FIVE HUNDRED GOLD YUAN 500 1949 GENERAL MANAGER GOVERNOR |
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| Comments |
By early 1949, the Nationalist government's currency had entered a death spiral. The Gold Yuan, introduced in August 1948 as a supposed stabilizer, collapsed within months under hyperinflation so severe that denominations scaled from tens to millions in a matter of weeks. This 500 Yuan note was part of that disintegrating system — printed domestically by the Central Printing Plant as the People's Liberation Army closed on major cities, meaning distribution was erratic and many notes reached circulation only briefly, if at all, before becoming worthless.
The Communists' takeover rendered all Gold Yuan notes void. Survival in any condition is largely a function of how quickly a given note moved out of China entirely.