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500 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1943 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 182 × 96 mm |
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| Obverse description | Pale purple on pink underprint. A portrait of Sun Yat-sen occupies the center of the note, framed by guilloche ornamental work. Red serial numbers and red official seals appear on the face, with Chinese inscriptions identifying the issuing authority and denomination. |
|---|---|
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| Reverse lettering | THE CENTRAL RESERVE BANK OF CHINA 500 FIVE HUNDRED YUAN 1943 |
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| Comments |
The Central Reserve Bank of China was a Japanese-sponsored institution operating in the occupied territories of northern and central China, established in 1941 with its seat in Nanjing under the Wang Jingwei collaborationist regime. Notes like this 500 Yuan were issued in direct competition with Chongqing-backed Nationalist currency, part of a deliberate strategy to displace legitimate tender and extract real economic value from occupied populations through inflation.
By 1943, the CRB's own notes were already depreciating rapidly — the jump to higher denominations was a response to purchasing power collapse, not expanding commerce. P#J26 is among the more commonly encountered CRB issues in collector holdings, largely because wartime hoarding and the regime's abrupt collapse in 1945 left substantial unissued stocks intact.