The Farmer's Bank of Northwest China was a communist-controlled regional bank operating in the Shaan-Gan-Ning Border Region — the Yan'an base area governed by the Chinese Communist Party during the Second Sino-Japanese War. It issued its own currency as a deliberate economic weapon: notes circulated within the border region were used to displace Nationalist fabi and stabilize CCP-controlled territory against both Japanese military scrip and Chongqing's inflation pressure.
The S-prefix Pick reference places this firmly in the Chinese provincial and local issues, and the "Dd" suffix denotes a specific signature or plate variety within the 1943 100-yuan denomination — a high face value reflecting the inflationary pressures of wartime. By 1948, the border region currency was absorbed into the new Renminbi system and existing notes were retired.
The Farmer's Bank of Northwest China was a communist-controlled regional bank operating in the Shaan-Gan-Ning Border Region — the Yan'an base area governed by the Chinese Communist Party during the Second Sino-Japanese War. It issued its own currency as a deliberate economic weapon: notes circulated within the border region were used to displace Nationalist fabi and stabilize CCP-controlled territory against both Japanese military scrip and Chongqing's inflation pressure.
The S-prefix Pick reference places this firmly in the Chinese provincial and local issues, and the "Dd" suffix denotes a specific signature or plate variety within the 1943 100-yuan denomination — a high face value reflecting the inflationary pressures of wartime. By 1948, the border region currency was absorbed into the new Renminbi system and existing notes were retired.