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2 Jiao / 20 Cents Farmers Bank of China
| Issuer | Farmers Bank of China |
|---|---|
| Year | 1937 |
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| Composition | Log in to see details |
| Size | 100 × 56 mm |
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|---|---|
| Obverse lettering | 中國農民銀行 貳角 中華民國卄六年印 積成拾角兌付國幣壹圓 中國大業公司 (Translation: The Farmers Bank of China 2 Chiao (20 Cents) Printed in the 26th year of the Republic of China Accumulate 10 Chiao to exchange 1 Yuan national currency Taye Printing Company) |
| Reverse description | The reverse is printed in blue and brown tones, with a bold arched banner inscription reading THE FARMERS BANK OF CHINA across the upper field. A large ornate guilloche medallion at centre-left carries the numeral 20, flanked to the left by a sheaf of grain vignette and to the right by an elaborate geometric lace underprint panel. The denomination TWENTY CENTS is lettered along the lower border, and a serial number panel in red appears at lower left. |
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| Comments |
The Farmers Bank of China was established in 1933 partly to consolidate rural credit and undercut the predatory lending networks that had long dominated agricultural provinces. By 1937, with Japanese forces advancing, the bank's operations were increasingly disrupted and its note issues printed under deteriorating conditions — Taye Printing Company (中國大業公司) was a domestic firm, and the quality of ink registration and paper stock in this series reflects the supply pressures of that moment.
The 1937 fractional issues circulated heavily in rural markets where silver coinage had already begun disappearing from daily transactions.