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1 Fen Sinkiang Commercial and Industrial Bank

Issuer Sinkiang Commercial and Industrial Bank
Year 1939
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Reference(s) P#S1743
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Reverse description Olive-green note with a continuous border of numerals and ornamental cartouches repeating the value '1' on all four sides. The centre carries an elaborate guilloche panel with Arabic script legend, flanked on either side by stylised decorative motifs. Two handwritten signatures appear across the middle field, with small Chinese character panels at left and right. The year 1939 is printed in Arabic numerals at the foot of the design.
Reverse lettering بانک تجارت باشناسی
بر نسبت
1939
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The Sinkiang Commercial and Industrial Bank was one of several regional institutions operating in Xinjiang under the effective influence of Soviet-backed warlord Sheng Shicai, whose administration maintained closer ties to Moscow than to Chongqing throughout the late 1930s. Currency issued under these conditions often circulated in parallel with Soviet-influenced monetary arrangements, keeping the province economically semi-detached from the Nationalist government's banking system.

The 1 Fen denomination is among the lowest-value pieces from this series, suggesting it was intended for everyday retail transactions in a region where small coinage was chronically scarce. Notes of this type rarely survived circulation intact given the casual treatment low-denomination paper typically received.

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