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5000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1947 |
| Type | Log in to see details |
| Value | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#350 |
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|---|---|
| Obverse lettering | 中央銀行 關金伍仟圓 中華民國三十六年印 AY 614222 |
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| Reverse lettering | THE CENTRAL BANK OF CHINA FIVE THOUSAND CUSTOMS GOLD UNITS 5000 1947 |
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| Comments |
The Customs Gold Unit was introduced in 1930 as an accounting currency for calculating import and export duties, pegged notionally to the gold content of the pre-1934 U.S. dollar. By 1947, when this denomination was printed, the device had long since drifted from its original purpose — the Central Bank was issuing CGU notes into general circulation as the regular fabi currency collapsed under runaway inflation.
The Central Bank of China Printing Works operated under severe pressure during this period, churning out ever-larger denominations as the Nationalist government's fiscal position deteriorated ahead of the Communist advance. The 5000 CGU is among the higher denominations in this short-lived series.