Catalog
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| Issuer | Shaanxi-Gansu-Ningxia Border Region Trade Company (陝甘寧邊區貿易公司) |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Printed in red in vertical format, the note bears the large denomination numeral 拾圓 (10 Yuan) within a decorative cartouche at center, surrounded by a guilloche-style geometric underprint. A serial number appears above the central vignette, with two manuscript signatures at the lower center, and corner denomination markers 拾 at all four corners. The header inscription 陝甘寧邊區貿易公司商業流通券 is arranged horizontally at the top within a bordered panel. |
|---|---|
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| Reverse description | Printed in black in vertical format, the reverse carries several columns of handwritten-style Chinese text setting out the conditions of issue and circulation regulations for the note, including references to the Shaanxi-Gansu-Ningxia Border Region Bank and the note's legal tender status within the border area. |
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| Comments |
The Shaanxi-Gansu-Ningxia Border Region was the Communist Party's administrative heartland during the Second Sino-Japanese War, centered on Yan'an. Notes issued by its various trade and commercial organs were not general currency in the modern sense — they functioned as scrip within a tightly controlled regional economy, used to manage commodity exchange and suppress inflationary pressure from Nationalist-issued fiat currency flooding the region.
By 1945 the Border Region had developed a surprisingly sophisticated parallel financial system, with different issuing bodies handling distinct economic functions. The Trade Company's notes specifically facilitated commerce rather than wages or taxation, which kept them circulating in market contexts rather than hoarded as savings.
Survival rates are low — wartime paper stock was poor, and much of this scrip was demonetized and discarded after Liberation-era currency unification.