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1 Yuan

Issuer Mengchiang Bank
Year 1940
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Value 1 Yuan
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Reverse description Entirely engraved in blue, the reverse is composed of three large interlocking guilloche rosettes arranged horizontally, with the Chinese numeral 壹 (one) inscribed in a white reserve at the centre rosette. Mongolian script characters appear within the left and right rosettes. A decorative knotwork medallion crowns the top centre, flanked by scrollwork and acanthus flourishes, with horizontal rule borders at top and bottom.
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Comments

The Mengchiang Bank was established in 1937 under Japanese occupation as the central bank for the Inner Mongolian puppet state of Mengjiang. Its notes displaced the currencies of both the Suiyuan and Chahar provincial banks, which were forcibly withdrawn — a deliberate consolidation designed to anchor the occupied territory's economy to Japanese military supply chains rather than any Chinese monetary authority.

The 1940 dating places this note in the middle of active wartime issuance. Surviving examples often show heavy rural circulation wear, reflecting use across a largely agricultural and nomadic economy with little access to banking infrastructure.

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