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2 Chiao Hunan-Hupeh-Kiangsi Worker's and Farmer's Bank; green
| Issuer | Hunan-Hupeh-Kiangsi Workers' and Farmers' Bank |
|---|---|
| Year | 1932 |
| Type | Local banknote |
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| Obverse description | Olive green letterpress underprint with red overprint text. Two oval vignettes at centre-left and centre-right each contain a rural scene with buildings and a pagoda amid landscape. Bank title in red Chinese characters across the top, serial number and denomination text in red at right, with official red seal stamps at left. |
|---|---|
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| Reverse lettering | 蘇維埃經濟政策 一 沒收帝國主義在華的財產 二 組界海關銀行鐵路航業礦山 三 不遵反蘇維埃法令的外國企業准許照常營業 四 違反中國資本家企業及手工業不 五 樂於高利剝削實行低利借貸 六 允許萬人自由貿易 七 禁止正當伝裕對鎖金融 八 廢除一切苛捐雜稅實行統一 九 發展合作社事業 十 景進稅減低居繁榮城市改良城市 貧人民的居住條件 |
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| Comments |
The Hunan-Hupeh-Kiangsi Soviet Area was one of the more durable of the Chinese Communist base areas, established under He Long and Xiao Ke following the failure of more exposed positions elsewhere. The bank issuing this note operated within that border region soviet, printing currency to support a war economy running on confiscated landlord assets and forced tax collection — not a formal monetary system in any modern sense.
Notes from this series were declared void when the base area collapsed under Nationalist pressure in 1934, and most surviving examples come from hoards rather than circulation, since peasants had little reason to keep worthless paper after the soviets withdrew.