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2 Chiao Hunan-Hupeh-Kiangsi Worker's and Farmer's Bank

Issuer Hunan-Hupeh-Kiangsi Worker's and Farmer's Bank
Year 1933
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In circulation to Yes
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Obverse description Dark blue letterpress print on plain paper. Two oval vignettes at centre: a multi-tiered pagoda at left and a hilltop temple complex at right, flanked by vertical Chinese text columns; denomination 貳角 (2 Chiao) in large characters between the vignettes, with bank title 湘鄂贛省農互銀行 across the top and date 一九三三年印 at foot.
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Reverse lettering 擁護蘇維埃經濟政策
合成拾兌換兌局
經濟封鎖
衝破敵人的
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Comments

The Hunan-Hupeh-Kiangsi Soviet Area was one of the more tenacious of the regional Communist base areas, surviving Kuomintang encirclement campaigns from 1930 onward. Notes issued here circulated within a tightly controlled local economy centered on the Xianggan border region — not through any formal banking infrastructure but through Soviet-administered trade networks and state-run cooperatives that enforced acceptance at par.

Survival rate is low. These notes were produced under wartime conditions with no expectation of long-term preservation, and the base area was eventually overrun in 1934-35. Most surviving examples come from hoards or were preserved by collectors operating in Shanghai in the 1930s rather than through normal attrition.

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