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5000 Yuan
| Issuer | Central Bank of China |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Vignette of the Presidential Executive Yuan building in Nanking at left, rendered in fine intaglio line work, with a flag visible above the complex. A large guilloche rosette at centre bears the numeral 5000 overprinted within, flanked by the denomination numerals 5000 in each corner. Signature lines for General Manager and Governor appear below the central rosette, with the date 1949 at bottom centre. |
| Reverse lettering | THE CENTRAL BANK OF CHINA FIVE THOUSAND GOLD YUAN 5000 1949 GENERAL MANAGER GOVERNOR |
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| Comments |
By early 1949 the Nationalist government was printing currency at a pace entirely disconnected from any economic reality. The gold yuan reform of 1948 had already collapsed spectacularly within months, and notes like this 5000 Yuan denomination were being issued in a hyperinflationary cascade that rendered them nearly worthless before they could circulate. The Central Bank of China Printing Works, by this point, was operating under extraordinary pressure as Nationalist-held territory contracted rapidly.
The series to which P#415 belongs was overtaken by events so quickly that much of the print run saw little genuine transactional use — the People's Republic was proclaimed in October 1949, and remaining Nationalist currency became void on the mainland.