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100 Yuan Farmer's Bank of Northwest China
| Issuer | Farmer's Bank of Northwest China (西北农民银行) |
|---|---|
| Year | 1943 |
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| Value | 100 Yuan |
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| Obverse description | Blue on yellow underprint. Central oval vignette of the Great Wall set within decorative guilloche borders. Denomination in Chinese characters appears in the four corners and in two flanking cartouches; bank title in Chinese reads across the top; serial number printed in red at upper left and upper right. |
|---|---|
| Obverse lettering | 西北農民銀行 壹百圓 中華民國三十二年 |
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| Comments |
The Farmer's Bank of Northwest China was a Communist-controlled regional bank operating in the Shaan-Gan-Ning Border Region — the wartime base area centered on Yan'an where the CCP leadership was headquartered during the Second Sino-Japanese War. It issued its own currency as part of a deliberate policy to displace Nationalist Fabi and create an economically self-sufficient liberated zone. The 100 Yuan denomination reflects the inflationary pressure building across all Chinese currency systems by 1943, Nationalist and Communist alike.
Border region notes were printed under genuinely difficult conditions — limited equipment, inconsistent paper supply — and the S-prefix Pick reference signals a guerrilla or regional issue rather than a central bank series.