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10 Yuan Kiang Hwai Bank of China
| Issuer | Kiang Hwai Bank of China (江淮銀行) |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 10 Yuan |
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| Obverse description | Central vignette enclosed within a foliate cartouche shows a loom at left and a truck at right, rendered in blue intaglio-style print. The bank name 江淮銀行 (Kiang Hwai Bank) appears across the top, flanked by the serial number in red at each side. The denomination 拾圓 (Ten Yuan) is printed in large characters at centre, with the date inscription 大中華民國三十三年印 (Republic of China Year 33) along the lower margin. |
|---|---|
| Obverse lettering | 江淮銀行 拾圓 大中華民國三十三年印 |
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| Comments |
The Kiang Hwai Bank of China was a currency-issuing institution established under the Wang Jingwei collaborationist government, operating in the Yangtze-Huai River region during the Japanese occupation of central China. Notes from this bank circulated in a zone where multiple competing currencies — Nationalist, Communist, and Japanese-sponsored — were simultaneously in use, each backed by different military and political authorities, none of them stable.
The S-prefix Pick designation correctly flags this as a regional issue rather than a central government note. By 1944, the Wang regime's financial infrastructure was under serious strain, and notes of this type saw rapid depreciation in real transactions even within their intended circulation zone.