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1 Chiao / 0.1 Yuan Chinese Soviet Republic National Bank
| Issuer | Chinese Soviet Republic National Bank, Northwest Branch |
|---|---|
| Year | 1932-1933 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 中華蘇維埃共和國國家銀行西北分行 壹角 凭票十张兑换银币一元 (Translation: CHINESE SOVIET REPUBLIC NATIONAL BANK - NORTHWEST BRANCH One Jiao Use 10 of this note to exchange silver coin 1 dollar) |
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| Reverse lettering | 国家银行 公一九三二年 (Translation: NATIONAL BANK 1932) |
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| Comments |
The Northwest Branch of the Chinese Soviet Republic National Bank operated out of the Shaanxi-Gansu border region at a time when the Communist-controlled soviet areas were under sustained Nationalist encirclement campaigns. These fractional notes — denominated in chiao rather than full yuan — were essential for everyday market transactions in areas where copper coinage had effectively disappeared from circulation due to hoarding and Nationalist economic blockades.
The S3251–S3255 range covers several color and text variants, likely reflecting successive printings under deteriorating material conditions rather than deliberate redesigns. Soviet-area printing facilities were rudimentary, and paper supply was irregular.