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10 000 Yuan Farmer's Bank of Northwest China
| Issuer | Farmer's Bank of Northwest China (西北农民银行) |
|---|---|
| Year | 1948 |
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| Value | 10 000 Yuan (10 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 西北農民銀行 壹萬圓 中華民國三十七年 |
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| Reverse lettering | SIBEI NUNG MIN IN XANG 10000 1948 |
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| Comments |
The Farmer's Bank of Northwest China was established in the Shaanxi-Gansu-Ningxia Border Region, the communist-controlled territory centered on Yan'an that served as the base of the Chinese Communist Party during the Second Sino-Japanese War and subsequent civil war. The bank issued currency independently of both the Nationalist government's Central Bank and the better-known People's Bank, which was only formally established in December 1948 — meaning this 10,000 yuan note was circulating during the final, chaotic months before the communist monetary system was consolidated into the renminbi.
High-denomination notes like this one reflect the hyperinflationary pressures afflicting all Chinese currency by 1948, Nationalist and communist-controlled zones alike.