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50000 Yuan

发行方 People's Bank of China
年份 1950
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面值 50 000 Yuan (50 000)
货币 登录 以查看详情
材质 登录 以查看详情
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正面铭文 登录 以查看详情
背面描述 The reverse is printed in a warm brown monochrome and centres on a vignette of industrial dock workers unloading cargo at a busy port, with a tower structure visible in the background. Flanking the central scene on both sides are the numerals 50000 in large bold type, above which the Chinese characters 伍萬 appear, all set within an elaborate guilloche border with foliate corner ornaments. The issuer's name in Chinese characters arches across the top, and the year 1950 is inscribed at the bottom centre.
背面铭文 中國人民銀行
伍萬
50000
1950
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The first series of Renminbi, of which this is among the highest denominations, was introduced beginning in December 1948 as Communist forces consolidated control across the mainland. Fifty thousand yuan was a direct consequence of the catastrophic hyperinflation inherited from the Nationalist government's currency collapse — the new People's Bank needed denominations at this level simply to conduct basic commerce at the point of Liberation.

The entire first series was withdrawn and replaced in 1955 when the second series Renminbi was introduced at a conversion rate of 10,000 old yuan to 1 new fen, effectively making this note worth one-fifth of a new yuan. First series notes were not legal tender after May 1955.

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