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10 Yuan / 10 Yan Shensi-Kansu-Ninghsia Border Area Bank
| Issuer | Shensi-Kansu-Ninghsia Border Area Bank |
|---|---|
| Year | 1941 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette of a multi-storey government building rendered in a detailed engraved style, set against a lightly shaded background with trees visible to the right. The bank name in Chinese characters (陝甘寧邊區銀行) runs diagonally across the upper portion of the note, with the denomination 拾圓 repeated in each corner within decorative cartouches. Two red official seals appear in the lower central area, flanking the serial number M86727 printed twice in the upper field. |
|---|---|
| Obverse lettering | 陝甘寧邊區銀行 拾圓 |
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| Comments |
The Shensi-Kansu-Ninghsia Border Area Bank was the financial arm of the Chinese Communist Party's wartime base in Yan'an, issuing currency that circulated within territory the Communists controlled during the Second Sino-Japanese War. These notes functioned as a parallel monetary system, deliberately insulated from both Japanese occupation scrip and the Nationalist government's fabi — a political act as much as an economic one.
By 1941, the Nationalist government had cut off financial subsidies to the Border Region, forcing the bank to expand its note issuance aggressively. Inflation followed. The S3657 belongs to that period of monetary pressure, when printing outpaced the region's productive capacity.