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60 000 000 Yuan Sinkiang Provincial Bank
| Issuer | Sinkiang Provincial Bank |
|---|---|
| Year | 38 (1949) |
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| Currency | Yuan (1939-1949) |
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| Obverse description | Brown and red note with an ornate guilloche border enclosing the large Chinese denomination characters 陸仟萬圓 at centre-left within a starburst vignette. An oval portrait of Dr. Sun Yat-sen occupies the right side. Two red seal impressions appear in the lower portion, with the bank name 新疆省銀行 across the top and the gold yuan equivalency legend 折合金圓券壹佰圓 along the bottom margin. Serial number printed twice in red at upper left and upper centre. |
|---|---|
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| Reverse lettering | 60000000 شاك حاك ا و لكو لو ك با (?) سى . 60000000 ئاتمىش مىليون ن د و للا ر 汗木民賈 60000000 1949 جك بو ن عو 100 ر ولاد د 60000000 (Translation: 60 000 000 Sinkiang Provincial Bank 60 000 000 Sixty million yuan Janim Khan (Uyghur signature) Janim Khan (Chinese signature) 60 000 000 Equivalent to 100 gold yuan 1949 60 000 000) |
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The Sinkiang Provincial Bank operated under the regional government of Xinjiang at a moment when the Nationalist administration was hemorrhaging territory and monetary credibility simultaneously. By 1949 the bank was issuing denominations in the tens of millions — this 60,000,000 yuan note is a direct measure of the hyperinflation that had effectively destroyed the Central Bank's gold yuan reform, introduced barely a year earlier, before it collapsed entirely.
Xinjiang fell to Communist forces in late 1949, making the entire late-series output of this bank almost immediately worthless upon issue. Notes from the final months were printed in haste and distributed in bulk; survival rates are accordingly high despite the short window of nominal validity.