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60 000 000 Yuan Sinkiang Provincial Bank
| Issuer | Sinkiang Provincial Bank |
|---|---|
| Year | 38 (1949) |
| Type | Log in to see details |
| Value | 60 000 000 Yuan (60 000 000) |
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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. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Red-bordered note with a central vignette of the Sinkiang Provincial Bank head office building in Tihwa (present-day Ürümqi) positioned to the left. Bilingual legends in Chinese and Uyghur Arabic script appear throughout, with the denomination and gold yuan equivalency stated in both scripts. The date 1949 and the value 60,000,000 yuan are repeated in the margins. |
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| Comments |
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.