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500 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1943 |
| Type | Standard circulation banknote |
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| Obverse description | Dark brown on multicolour underprint. A central portrait vignette of Sun Yat-sen is set at centre, surrounded by elaborate guilloche work and ornamental borders. The serial number appears on the face of the note. |
|---|---|
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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 established in Nanjing in 1941 to manage currency in the occupied territories. Its notes were designed to displace the Nationalist fabi and the older Federal Reserve Bank issues in Japanese-controlled areas, flooding circulation to suppress competing currencies and extract real economic value from the occupied population — a documented tool of wartime financial control.
The J24A belongs to a substantial 1943 printing run at a moment when the occupation economy was deteriorating. Inflation in occupied China was severe enough that 500 Yuan, a very high denomination just two years earlier, was already losing practical meaning by the time these notes reached circulation.