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500 Yuan
| Issuer | Federal Reserve Bank of China |
|---|---|
| Year | 1943 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Black on brown guilloche underprint, with large ornate rosette vignettes at left and right flanking the central denomination numeral '500'. A bank seal device appears at top centre, and the issuer's name in Chinese characters is printed along the lower centre. A small printer's imprint inscription appears at the bottom margin. |
| Reverse lettering | 中國聯合準備銀行 500 |
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| Comments |
The Federal Reserve Bank of China was a Japanese-controlled institution operating in occupied northern China, and this 1943 note circulated under that occupation regime rather than any Chinese national authority. By 1943 the bank was issuing large denominations at pace, driven by wartime inflation that was rapidly eroding purchasing power across the occupied territories.
P#J78 is one of several high-denomination notes from this period where surviving examples frequently show heavy circulation wear — the inflationary environment meant notes passed through many hands quickly before losing practical value entirely.