100 Yuan Farmers Bank of China

The Farmers Bank of China — nominally an agricultural credit institution but functionally a central government bank under the Nationalist administration — relied heavily on ABNC throughout the wartime period, when Japanese occupation had severed access to domestic printing facilities of comparable quality. By 1941, Chongqing was the seat of the Nationalist government, and notes like this one entered an economy under severe inflationary pressure that would only worsen through the mid-1940s.

ABNC's intaglio work on this series is among the finer wartime Chinese output, though the quality of paper and ink varied between shipments crossing a Pacific increasingly hostile to Allied commerce.