The central bank of the Puppet Manchukuo is the "Central Bank of Puppet Manchukuo". The currency of Manchukuo is the Yuan. 1 yuan = 10 jiao = 100 points. The currency of Manchukuo was equivalent to the Japanese yen. The currency in circulation is fake "Bank of Manchuria Notes" and cannot be exchanged for gold or silver. North Korean bank notes and Japanese yen can also circulate freely within the territory of the puppet Manchukuo. In 1933, the amount of banknotes issued by the pseudo "Central Bank of Manchuria" was 600 million yuan, and in 1938, the amount of banknotes in circulation reached 5 billion yuan. [1]?

The pseudo "Manchukuo Yuan" is the currency of the pseudo "Manchukuo". The issuing unit is the "Central Bank of Manchuria".

When the pseudo "Manchukuo Yuan" was first issued, it was the same as China's currency, which was based on the silver standard. Starting from November 1935, the gold standard was implemented, which was the same as Japan's and was equivalent to the Japanese yen. In addition, the "Manchuria" affiliated areas and Kanto Prefecture also use Korean won issued by the Bank of Korea. [1]?

At first, banknotes and coins were produced by the mint of the Bank of Japan, but later they were produced by the pseudo "Central Bank of Manchuria" in Xinjing (now Changchun), the capital of the state of Manchukuo. "Produced. Due to the continuous and large fluctuations in international silver prices in the 1930s, the pseudo-"Manchuria Yuan" broke away from the silver standard in 1935 and fixed its exchange rate with the Japanese yen, and subsequently approached exchange rate parity with the Japanese yen. Since 1940, the pseudo-Manchukuo Yuan has been used to measure import and export trade with the United States, Germany, Japan and other countries.

Half of the face value of banknotes issued during this period was recovered in coins. The first government issued five denominations of banknotes, namely one hundred yuan, ten yuan, five yuan, one yuan and five jiao. The front features the rulers of the Qing Dynasty. Due to inflationary pressures in areas ruled by Japan during World War II, one thousand yen banknotes were issued in 1944. [1]?

Pseudo "Manchukuo" fiber coins

Yuan can be subdivided into ten cents, one hundred cents or one thousand cents, and the denominations of coins are issued from Five cents to ten cents. [1]?

In 1944 and 1945, the pseudo-"Manchukuo" issued coins made of a material similar to cardboard and called "red or brown fiber" in the "Standard Catalog of World Coins" coins (1, 5 cents). [1]?

In 1948, after the Second World War, approximately 12 billion in counterfeit "Manchukuo Central Bank" banknotes were recovered by the Northeast Bank.

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