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1 Yuan Northeast Kiangsi Soviet Bank

Issuer Northeast Kiangsi Soviet Bank
Year 1932
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Shape Rectangular
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Obverse description Red on pale underprint. Central vignette of a Soviet flag planted on a globe, set within a circular guilloche border. The denomination 壹圓 (One Yuan) appears in large Chinese characters to either side of the central vignette, with issuing bank inscriptions across the upper register and an official circular chop seal in the lower right quadrant.
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Reverse description Black on light underprint, with a dense cross-hatched guilloche frame enclosing a central rectangular text panel bearing multi-column Chinese script detailing the note's terms and conditions of issue. The denomination numeral 1 appears in each upper corner, and additional vertical column inscriptions run along the left and right margins within decorative borders.
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Comments

The Northeast Kiangsi Soviet Bank was one of several short-lived financial institutions established by the Chinese Communist Party to serve base areas carved out during the early 1930s. This note predates the Long March by two years — issued at a moment when the Jiangxi Soviet was under sustained Nationalist encirclement campaigns, the so-called "bandit suppression" offensives that Chiang Kai-shek launched in successive waves beginning in 1930.

Soviet-area currency was a deliberate political instrument, designed to displace Nationalist and warlord-issued notes within controlled territory. Survival rate is low; most paper from these base areas was destroyed during military retreats or subsequent Nationalist occupation. S3438 is among the scarcer regional Soviet issues.

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