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500 Yuan
| Issuer | Central Reserve Bank of China |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
| Value | 500 Yuan |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Brown on lilac underprint with a central intaglio vignette of the Sun Yat-sen Mausoleum in Nanjing, viewed from the grand ceremonial staircase approach. The bank title 'THE CENTRAL RESERVE BANK OF CHINA' is inscribed across the top, with denomination numerals '500' at each corner and two facsimile signatures of the Governor and Vice Governor flanking the bottom text panel reading 'FIVE HUNDRED YUAN' and the year '1943'. |
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| Protection description | Cloud pattern throughout. |
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| Comments |
The Central Reserve Bank of China was a Japanese-sponsored institution established in 1941 to manage currency in the occupied territories of northern and central China. Its notes competed directly — and by force — with Chongqing-issued Nationalist currency, which the Japanese actively worked to devalue through counterfeiting and flooding occupied zones with CRBC paper. This 500 Yuan belongs to the inflationary surge of 1943, when denominations climbed rapidly as the puppet economy strained under wartime pressures.
The watermark is one of the few security concessions in the series; much of the CRBC output was produced under conditions that made sophisticated anti-counterfeiting measures impractical.