500 Yuan Central Bank of China

The Central Bank of China's Printing Works had been operating under severe wartime strain by 1945 — first displaced from Shanghai, then forced through a series of interior relocations as Japanese forces advanced. Production quality across the late-war series reflects those disruptions, with inconsistent ink saturation and registration shifts common across the 500 Yuan notes of this period.

Hyperinflation had already made 500 Yuan a trivial sum by the time these notes circulated. The Nationalist government's money supply expanded so aggressively between 1944 and 1945 that notes of this denomination were essentially obsolete within months of issue.