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5000 Yuan 7th issue
| Issuer | People's Bank of China |
|---|---|
| Year | 1953 |
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| Composition | Log in to see details |
| Size | 149 x 70 mm |
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|---|---|
| Obverse lettering | 中國人民銀行 伍仟圓 一九五三年 (Translation: People's Bank of China 5000 Yuan Year 1953) |
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| Reverse lettering | 中國人民銀行 5000 1953 (Translation: People's Bank of China 5000 1953) |
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| Comments |
The seventh series of People's Bank of China notes, issued from 1955 onward, technically carried 1953 printing dates — a bureaucratic convention that masked a multi-year production and rollout process. The 5000 Yuan denomination was the highest in this series, a reflection of the severe inflation inherited from the Nationalist period, when hyperinflation had rendered small denominations functionally useless and necessitated face values that would have been unimaginable a decade earlier.
The entire first renminbi series was withdrawn in 1955 and replaced at a conversion rate of 10,000 old yuan to 1 new yuan, making this note — along with the other high denominations — obsolete almost immediately after full distribution.