1 Yuan Chinese Soviet Republic Government Bank, Northwest Branch

The Northwest Branch of the Chinese Soviet Republic Government Bank was established to serve the communist base areas in Shaanxi and Gansu following the Long March, which concluded in October 1935. Paper supplies in these remote guerrilla zones were effectively nonexistent, making cloth the only viable substrate for currency production. This was not an aesthetic choice — it was a logistical one, driven by the near-total economic blockade imposed by Nationalist forces on the Soviet districts.

Cloth notes from this issuer are among the rarest survivals of Chinese communist base-area currency. Most were destroyed in use or deliberately withdrawn as the region's monetary system was reorganized under the Border Region governments after 1937.