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5000 Yuan Central Bank of China
| Issuer | Central Bank of China |
|---|---|
| Year | 36 (1947) |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Central Engraving and Printing Plant |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀央中 圓仟伍 印年六十三國民華中 廠製印央中 (Translation: The Central Bank of China 5000 Yuan Printed in the 36th year of the Republic of China Central Engraving and Printing Plant) |
| Reverse description | Log in to see details |
| Reverse lettering | 5000 圓仟伍 (Translation: 5000 Yuan) |
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| Comments |
By 1947, the Central Bank of China was printing in volumes that made denomination control nearly meaningless. The 5,000 Yuan note appeared as hyperinflation was accelerating past any practical management — the currency that had traded at roughly 20 Yuan to the U.S. dollar at the end of World War II was collapsing toward thousands, then millions, per dollar before the decade closed. The Central Engraving and Printing Plant, operating domestically rather than relying on the foreign printers China had used extensively before the war, was under pressure to produce faster than the economy could absorb.
The P#309 belongs to a sequence that would be rendered obsolete within months by still higher denominations.