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1 Fen Sinkiang Commercial and Industrial Bank
| Issuer | Sinkiang Commercial and Industrial Bank |
|---|---|
| Year | 1939 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | 新疆百業銀行 壹分 每百分付光兌國幣 中華民國二十八年印 |
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| Reverse lettering | بانک تجارت باشناسی بر نسبت 1939 |
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| Comments |
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.