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| 背面描述 | Brown on multicolour underprint. A central vignette presents a frontal perspective of the Sun Yat-sen Mausoleum in Nanjing, with its grand ceremonial stairway and surrounding wooded hillside rendered in fine intaglio line work. Large numeral 500 guilloche panels occupy the left and right fields, with the bank title THE CENTRAL RESERVE BANK OF CHINA across the top and the denomination FIVE HUNDRED YUAN and year 1943 in a cartouche at the base. Facsimile signatures of the Governor and Vice Governor appear in the lower margin. |
| 背面铭文 | THE CENTRAL RESERVE BANK OF CHINA 500 FIVE HUNDRED YUAN 1943 |
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The Central Reserve Bank of China was a Japanese-sponsored institution operating in the occupied territories of central China, headquartered in Nanking under the Wang Jingwei collaborationist regime. Its notes circulated alongside — and in direct competition with — Chongqing-issued Nationalist currency, with the occupying authorities making deliberate efforts to drive legitimate currency out of circulation and destabilize the Nationalist monetary system.
By 1943, inflation was accelerating sharply in occupied areas, and higher denominations like this 500 Yuan were a symptom of that pressure. F.H. Chou served as governor through this period of increasingly degraded purchasing power.