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| 正面描述 | Central vignette depicts a farmer guiding a horse-drawn plow across a field, with industrial smokestacks visible in the background, rendered in a realist intaglio style. The denomination 伍佰圓 appears in large Chinese characters within ornate guilloche medallions on both left and right sides of the note. The issuer's name 中國人民銀行 is inscribed across the top, with the date 一九四九年 along the bottom margin, and a serial number and plate designation in the upper corners. |
|---|---|
| 正面铭文 | 中國人民銀行 伍佰圓 一九四九年 (Translation: People's Bank of China 500 Yuan Year 1949) |
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This note belongs to the First Series Renminbi (第一套人民币), a heterogeneous emergency currency produced under wartime conditions across multiple liberated zones before the People's Republic was even formally proclaimed. The First Series was never printed at a single facility — different denominations came from different presses in different cities, and the 500 Yuan was among the higher denominations needed to cope with the severe inflation inherited from the Nationalist-era fabi and gold yuan collapses.
The entire First Series was withdrawn in 1955 when the Second Series introduced a new Renminbi at 10,000 old yuan to 1 new yuan, wiping out the purchasing power these notes nominally represented. Survivors of the 1955 redemption are the primary source of collectible specimens today.