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1 Chiao
| Issuer | Mengchiang Bank |
|---|---|
| Year | 1940 |
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| Composition | Paper |
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| Obverse description | The central vignette carries a scene of Bactrian camels traversing an open landscape, rendered in olive-brown intaglio tones within a red guilloche border enriched with floral and scroll ornamentation. The bank name in Chinese characters (蒙疆銀行) is inscribed at the top, while the denomination 壹角 appears in a rosette cartouche at the right. A small red seal impression is visible in the lower left portion of the vignette. |
|---|---|
| Obverse lettering | 行銀疆蒙 壹 角 (Translation: Mengchiang Bank One Chiao.) |
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| Comments |
The Mengchiang Bank was established in 1937 under Japanese occupation of Inner Mongolia — a puppet financial institution designed to displace the existing Chinese currency infrastructure and anchor the region's economy to the yen bloc. The 1 Chiao denomination sat at the lowest practical level of everyday transaction, which means these notes absorbed genuine wear from markets and street commerce rather than sitting in tills.
Pick J101A distinguishes itself from the closely related J101 through a signature variation — a detail that trips up collectors who treat the two as interchangeable. Worth confirming before pricing.