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2 Yuan Farmer's Bank of Northwest China

Issuer Farmer's Bank of Northwest China (西北农民银行)
Year 1940
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Value 2 Yuan (1)
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Obverse lettering 西北农民银行
贰圆
民国廿九年印
元贰券国即即照
Reverse description Dark brown print on plain ground. A pavilion-style gazebo vignette occupies the left cartouche, while a fortress gate complex with crenellated walls is set within the right cartouche. The numeral 2 in a floral medallion occupies the centre. The transliterated bank name SIBEIONUNG MIN INXANG runs along the top, with the denomination RUAN and the legend TUNG TYNG GUOBI and date 1940 printed at the bottom.
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The Farmer's Bank of Northwest China was a border region bank, not a commercial institution in any conventional sense. It operated under the Shaanxi-Gansu-Ningxia Border Region government — the administrative heartland of the Chinese Communist Party during the Sino-Japanese War — and its notes functioned as a parallel currency system deliberately designed to undercut Nationalist fabi and Japanese puppet money circulating in contested territory.

Border region banks printed their own notes partly to finance military operations and partly to stabilize local agricultural markets, which the war had badly disrupted. The 2 Yuan denomination was practical for rural trade.

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