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2 Chiao / 20 Cents National Construction and War Resistance Bank

Issuer Kangzhan Jianguo Nongcun Hezuoshe (War Resistance and National Construction Rural Cooperative)
Year 1939
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Currency Yuan (1930-1949)
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Obverse description Brown letterpress print on cream paper. The face bears a central guilloche vignette with the large numeral '20' at centre, framed by an ornate border with corner medallions each bearing the value '20'. A rectangular cartouche at top carries the four-character Chinese inscription 抗戰建國 (Kangzhan Jianguo, 'War Resistance and National Construction'), and a lower panel reads 中華民國二十八年 (Republic of China, Year 28, i.e. 1939).
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Reverse lettering CIZHUNGCIANGUOXIAN
NUNGCIINXOZUOSHE
抗戰建國
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Comments

The Kangzhan Jianguo Nongcun Hezuoshe — the War Resistance and National Construction Rural Cooperative — was one of dozens of quasi-governmental credit organizations operating in contested or Nationalist-held rural territories during the Second Sino-Japanese War. These cooperatives issued fractional notes primarily to facilitate local grain transactions and labor payments in areas where standard currency had become unreliable or physically scarce due to Japanese disruption of supply lines.

The S-NL designation indicates this note has never been formally catalogued in the Pick system — survival rate is unknown, institutional records are fragmentary, and attribution to a specific issuing branch or print run remains unconfirmed.

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