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10 Yuan Farmers Bank of China
| Issuer | Farmers Bank of China |
|---|---|
| Year | 1940 |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#464 |
| Obverse description | The obverse is printed in red and presents a central vignette of a farmer operating a traditional irrigation lever beside a network of paddyfield channels, framed by ornate scrollwork and guilloche panels on either side. The bank name 中國農民銀行行 appears across the top in large Chinese characters, with the denomination 拾圓 repeated in the upper corners and along the lower lateral margins. The date inscription and printer's name are rendered in a cartouche at the foot of the note below the serial number panels. |
|---|---|
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| Reverse lettering | THE FARMERS BANK OF CHINA 10 TEN YUAN |
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| Comments |
The Farmers Bank of China was established in 1933 under the Nationalist government to extend agricultural credit and undercut the grip of rural moneylenders — a genuine policy ambition that became increasingly subordinated to wartime finance after the Japanese invasion. By 1940, the bank was one of the four state banks effectively printing money to fund Chongqing's resistance economy, and inflationary pressure was already embedded in the system before notes like this one even reached circulation.
The China Taye Printing Company handled a significant share of wartime currency production inside Nationalist-held territory after the major coastal printing facilities were lost or cut off. Attributing specific runs to specific presses during this period is difficult — production records were fragmentary and some were destroyed.