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1 Yuan Chinese Soviet Republic National Bank

Issuer National Bank of the Chinese Soviet Republic
Year 1932
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Size 118 x 64 mm
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Obverse description Brown intaglio print. Central vignette of Vladimir Lenin facing slightly left, framed by ornate guilloche borders. Chinese text in traditional right-to-left script appears in multiple registers, with denomination numerals at corners.
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Reverse description Green letterpress print. Central cartouche bearing the English word "ONE" in bold serif type, flanked by symmetrical guilloche scrollwork and large numeral "1" at each side. Chinese bank title reads across the upper register, with date 1932 at foot.
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Comments

The National Bank of the Chinese Soviet Republic was established in November 1931 at Ruijin, Jiangxi Province, following the formal proclamation of the Chinese Soviet Republic under Mao Zedong. This note was among the earliest issues — the bank had been operating for barely a year when the 1 Yuan series entered circulation, serving the Jiangxi Soviet base areas during a period of active Nationalist encirclement campaigns.

Printing conditions were primitive. The Ruijin facilities lacked consistent ink supply and quality paper stock, and surviving examples frequently show uneven impression and color variation across the series — not damage, but a production signature.

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