Catalog
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| Issuer | Central Bank of China |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Sun Yat-sen in an oval intaglio vignette at left, set within scrollwork and foliate ornamental borders. A large central guilloche medallion carries the denomination in Chinese characters 伍仟圓, flanked by red seal stamps in the upper left and right corners; the bank title 中央銀行 appears at top centre in large characters, with the Republic year inscription in a cartouche at lower centre. Serial numbers are printed in red at upper left and upper right. |
|---|---|
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| Reverse lettering | 伍仟圓 5000 副局長 陳矩邦 局長 梁平 (Translation: Five Thousand Yuan / Deputy Director Chen Jubang / Director Liang Ping) |
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| Comments |
By 1945 the Central Bank of China was printing notes in quantities that made individual denomination management essentially meaningless. Wartime inflation had been compounding since the outbreak of hostilities with Japan in 1937, and the 5000 Yuan note — unthinkable in value just a few years earlier — was itself obsolete within months of issue. Chung Hwa Book Company, primarily a Shanghai publishing house that had taken on government printing contracts, produced the note domestically at a time when foreign printers were inaccessible.
Liang Ping served as Governor; Chen Jubang as Vice Governor. Their tenure coincided with the period of most acute monetary deterioration before the full collapse that followed in 1948–49.