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5000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 1947 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中央銀行 伍仟圓 中華民國三十六年印 |
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| Reverse lettering | 中央銀行 伍仟圓 5000 局長 梁平 副局長 陳廷祁 |
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| Comments |
By 1947, the Central Bank of China was printing in denominations unthinkable just three years earlier — a direct consequence of the hyperinflation that had been accelerating since the Second Sino-Japanese War drained the Nationalist government's reserves. The 5000 Yuan note was itself obsolete almost upon issue; within eighteen months, the gold yuan reform of August 1948 would attempt to replace the entire fabi currency system, fixing the exchange rate at 3,000,000 old yuan to 1 gold yuan.
Ta Tung was one of several domestic printers pressed into service as demand for high-denomination notes outpaced what could be sourced abroad. The reform collapsed within a year.