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20 Coppers Bank of Chinan

Issuer Bank of Chinan (冀南銀行)
Year 1941
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Value 20 Coppers (0.02)
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Obverse lettering 冀南銀行 貳拾枚 20 中華民國三十年
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Reverse lettering TWENTY COPPER COINS 20
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Comments

The Bank of Chinan (冀南銀行) was established in 1939 as the financial arm of the Jin-Ji-Lu-Yu Border Region — the Communist-controlled territory straddling Hebei, Shanxi, Shandong, and Henan provinces. Its notes circulated in direct competition with both Japanese military scrip and Nationalist currency, and local authorities actively suppressed rival issues to enforce acceptance of Chinan paper.

Small copper-denomination notes like this one were the workhorse of rural market transactions in the border region, where coinage had largely disappeared from circulation by 1941. Surviving examples in any condition are genuinely uncommon — wartime paper quality was poor, and the notes were heavily used before redemption or destruction after Liberation-era currency consolidation.

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