3 Chiao Hunan-Hupeh-Kiangsi Worker's and Farmer's Bank

The Hunan-Hupeh-Kiangsi Soviet was one of the more durable of the Chinese Communist base areas, centered in the Jinggang Mountains borderland and sustained through years of Nationalist encirclement campaigns. This bank was its financial instrument — one of dozens of short-lived soviet banks issuing their own currency across different Communist-held zones in the early 1930s, each deliberately independent to limit systemic collapse if one area fell.

The chiao denomination placed these notes squarely in everyday rural transaction use. Notes from this issuer rarely survived the zone's eventual collapse under Chiang Kai-shek's Fifth Encirclement Campaign of 1933-34, which destroyed most of the physical infrastructure of the soviet, paper currency included.