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| 正面描述 | Central vignette in brown tones shows a farmer at left carrying a shoulder pole, with a rural landscape of trees, a bridge, and thatched huts at right. The bank name appears at top in Chinese characters, the denomination 伍佰圓 is printed in large characters at center, and the date of the Republic era runs along the bottom margin. Decorative guilloche rosettes flank the central scene, with ornamental border panels running the full perimeter. |
|---|---|
| 正面铭文 | 行銀民人國中 伍 佰 圓 年八十三國民華中 (Translation: People's Bank of China Five Hundred Yuan Year 38 of the Chinese Republic) |
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By late 1949, the People's Bank of China was issuing first-series Renminbi notes at a frantic pace to replace the collapsed Nationalist currency and stabilize a hyperinflation-wrecked economy. The 500 Yuan denomination sat in the middle of a range that would eventually require notes as high as 50,000 Yuan — a measure of just how badly the old monetary system had disintegrated before the Communist takeover formalized a new order.
P#842 is among the more elusive first-series issues, with surviving examples predominantly showing heavy rural circulation wear consistent with use in interior provinces.