3 Ch'uan Worker's and Farmer's Bank

The Worker's and Farmer's Bank of the Szechuan-Shensi Soviet was established in 1932 to service the economy of the border region base area carved out by Zhang Guotao's Fourth Front Army. Notes of this type circulated within a tightly controlled territory where exchange against Nationalist currency was effectively prohibited — conversion was a punishable offense. The Soviet monetary system was partly designed to force economic separation from Republican China and bind local peasants and traders to the revolutionary administration.

By late 1935, the base area had collapsed under Nationalist military pressure. Most surviving notes from this issuer were rendered worthless almost immediately after issue, which makes the survival rate genuinely low relative to later Communist-era paper.