The first series of Renminbi banknotes was introduced during the Chinese Civil War by the newly founded People's Bank of China on December 1, 1948, ten months before the founding of the People's Republic of China itself.
Due to the turbulent political situation at the time, the first series is rather chaotic, with many versions issued for each denomination.
The banknotes show a mixture of agricultural and industrial scenes, modes of transportation, and famous sites.
The notes were issued in 12 denominations: ¥1, ¥5, ¥10, ¥20, ¥50, ¥100, ¥200, ¥500, ¥1,000, ¥5,000, ¥10,000 and ¥50,000, with a total of 62 designs.
Though the PRC adopted the Common Era to replace the ROC Era in 1949 and have been avoiding using "Republic of China" in any possible circumstance, these notes were issued and used until 1955, when a revaluation of Reminbi took place.