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5000 Customs Gold Units
| Issuer | Central Bank of China |
|---|---|
| Year | 1948 |
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| Reference(s) | P#359 |
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|---|---|
| Obverse lettering | 中央銀行 伍仟 關金伍仟圓 印年七十三國民華中 (Translation: Central Bank of China Five Thousand Customs Gold Units Printed in the 37th year of the Republic of China) |
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| Reverse lettering | THE CENTRAL BANK OF CHINA FIVE THOUSAND CUSTOMS GOLD UNITS 5000 1948 AMERICAN BANK NOTE COMPANY |
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| Comments |
The Customs Gold Unit (CGU) was introduced in February 1948 as an accounting currency for tariff collection, intended to insulate customs revenue from the catastrophic hyperinflation already consuming the standard fabi. It was a stopgap with a short life — by August 1948 the entire CGU system was swept aside when the Nationalist government launched the Gold Yuan reform, another failed attempt to stabilize a collapsing monetary situation.
ABNC printed this series under wartime-era contract arrangements that had never fully normalized after 1945. The 5000 CGU denomination reflects just how quickly the unit's purchasing power eroded even within its brief existence.