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1 Yuan Kiang Hwai Bank of China
| Issuer | Kiang Hwai Bank of China |
|---|---|
| Year | 1943 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Printed in red on a guilloche underprint with floral rosettes at the corners, the obverse centres on a vignette of an industrial factory complex with smokestacks emitting smoke. The denomination 壹圓 is rendered in large Chinese characters within two flanking cartouches, with the bank name 江淮銀行 inscribed vertically at the top centre. The issuing authority inscription 中蘇 and further legend appear at the lower margin. |
|---|---|
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| Reverse lettering | KIANG HWAI BANK OF CHINA ONE YUAN 1943 |
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| Comments |
The Kiang Hwai Bank of China was established under the Reformed Government of the Republic of China, the Japanese-backed administration that controlled parts of central China — principally Jiangsu and Anhui provinces — before being absorbed into Wang Jingwei's broader collaborationist structure in 1940. Notes issued under these puppet financial authorities were tools of occupation economics: they displaced existing currency, extracted resources, and tied local commerce to Japanese military supply chains.
The two Pick numbers almost certainly reflect signature varieties rather than distinct emissions — a common cataloguing split for this series that overstates the difference between examples.