1941 Central Bank of China 50 Yuan Note - P'ai-Lou Gate Type - World War 2 Issue, P/A Prefix - 1941 Chinese Fifty Yuan Bank Note - P#242

This listing is for the photographed 1941 Central Bank of China 50 Yuan Bank Note. Issued by the Central Bank of China during World War II, in the midst of fighting off Japanese invasion. The obverse of this note displays the P'ai-Lou gate at the right end. The reverse of this note has an ornamented design and border featuring the notes denomination. Fine (F) grade/condition, Some visible folds and signs of wear. Beautiful design and interesting historical note. P#242 (Pick Number 242).

In 1923 Dr. Sun Yat-Sen, known as the National Father of the Republic of China, established the Central Bank of China in order to fund national development. The following year the bank was inaugurated in Canton. After their inauguration the bank began developing in line with the modern central banking practices. In 1935 the Republic of China enacted a currency reform, limiting the issuing authority of Chinese currency to three government-controlled banking entities: The Bank of China, the Central Bank of China, and the Bank of Communications. By the start of World War II, the Central Bank of China became a key player in foreign economic relations. When Japanese forces lost control of their puppet governments after WWII, the Central Bank of China took on the issuance of national currency in these areas to replace the Japanese controlled currency being circulated. This note provides great insight into the interesting history of the Republic of China and the Central Bank of China's role in World War II.

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1941 Central Bank of China 50 Yuan Note - P'ai-Lou Gate Type - World War 2 Issue, P/A Prefix - 1941 Chinese Fifty Yuan Bank Note - P#242