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500 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1946-1947 |
| Type | Standard circulation banknote |
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| Obverse description | A city gate vignette is positioned at left against a dark green underprint overlaid with a lilac tint, giving the face a layered, two-tone appearance. Red overprinted serial numbers and two red official seals are applied to the face, contrasting sharply with the cooler ground colours. The denomination and issuing authority are inscribed in Chinese characters distributed across the note, with the regional designation for the Northeastern Nine Provinces appearing as part of the legend. |
|---|---|
| Obverse lettering | 行銀央中 券通流省九北東 圓佰伍 印年六十三國民華中 (Translation: The Central Bank of China Circulation Notes in Northeastern 9 Provinces Five Hundred Yuan Printed in the 36th year of the Republic of China) |
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| Comments |
The Central Bank of China's 500 Yuan notes of this period were issued into an economy already losing its battle with hyperinflation. Between 1946 and 1949, China's money supply expanded at a catastrophic rate as the Nationalist government financed its civil war against the Communists almost entirely through the printing press. A denomination that felt substantial at issue was functionally worthless within months.
Pick 380 was printed by the Central Printing Factory. Notes from this series are common in high grades — they circulated briefly before being overtaken by larger denominations, then were withdrawn and often preserved in bulk rather than worn out.