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5 Chiao / 0.5 Yuan Chinese Soviet Republic National Bank

Issuer Chinese Soviet Republic National Bank, Northwest Branch
Year 1933-1934
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Value 5 Chiao (0.5)
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Reverse description Printed in light red ink, the reverse is dominated by a central multi-layered rosette guilloche medallion surrounded by concentric scalloped frames and fine geometric latticework. The four corners each carry the denomination character "伍" (five) within circular cartouches, and the bank name "國家銀行" appears at the top center. A rectangular panel at the lower center bears the date inscription "一九三三年" (Year 1933).
Reverse lettering 國家銀行 伍 一九三三年
(Translation: National Bank / Five / Year 1933)
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The Northwest Branch of the Chinese Soviet Republic National Bank operated out of the Shaanxi-Gansu border region during the early 1930s, issuing currency to fund guerrilla operations and stabilize exchange within Communist-controlled territory at a time when Chiang Kai-shek's encirclement campaigns were actively squeezing Red Army supply lines. These notes circulated in conditions of near-constant military pressure, which goes a long way toward explaining why surviving examples in any condition are genuinely uncommon.

P#S3257 and P#S3258 represent distinct printings within the same denomination — minor typographic and plate differences distinguish them, though both were produced under severe material constraints with no access to professional printing infrastructure.

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