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100 Yuan Maojgungs Liutungkyan

Issuer Shaanxi-Gansu-Ningxia Border Area Trade Company (貿易公司商業流通券)
Year 1944-1945
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Value 100 Yuan
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Obverse lettering 陝甘寧邊區
貿易公司商業流通券
壹佰圓
中華民國三十三年
A160854
Reverse description Vertical format, printed in blue-black on a pale ground. The entire field is occupied by a lengthy block of printed Chinese text in four numbered articles setting out the terms and conditions of the note's circulation, authorised by the Shaanxi-Gansu-Ningxia Border Area government. The border mirrors the obverse in its geometric frame with corner ornaments bearing the numeral 100, and the date 1944 appears at the foot within a cartouche.
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The Shaanxi-Gansu-Ningxia Border Area was the Chinese Communist administrative heartland during the Second Sino-Japanese War, and the notes issued by its affiliated trade organs were deliberately kept separate from the Border Area Bank's currency — a practical hedge allowing commercial transactions to be managed outside the main monetary framework. The Trade Company's circulation notes, of which this is among the higher denominations, circulated within a tightly controlled regional economy that was simultaneously blockaded by Nationalist forces and under Japanese military pressure from the east and north.

The Pick numbering spread across S3631–S3639 reflects multiple varieties within the series, distinguished by issuing sub-branch, date, or overprint rather than fundamental design changes.

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