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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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Size 118 × 80 mm
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Obverse lettering 中華蘇維埃共和國國家銀行西北分行 伍角 凭票二张兑换银币一元
(Translation: CHINESE SOVIET REPUBLIC NATIONAL BANK - NORTHWEST BRANCH Five Jiao Use 2 of this note to exchange silver coin 1 dollar)
Reverse description Printed in light red (rose) ink, the reverse is dominated by a large central guilloche rosette composed of concentric scalloped frames surrounding a floral medallion, with fine lathe-work fill throughout. The four corners each carry a Chinese character within a circular cartouche, and the bank name 國家銀行 appears at the top center in a decorative panel. A rectangular tablet at the bottom bears the date 一九三三年 (1933) in Chinese numerals.
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The Northwest Branch of the Chinese Soviet Republic National Bank operated out of the Shaanxi-Gansu border region during the Kuomintang's encirclement campaigns — a period when the Communist-controlled areas maintained their own parallel financial systems largely out of necessity and political doctrine. Notes of this branch are distinct from those issued by the main bank at Ruijin in Jiangxi, and the two should not be conflated.

Survival rates are low. The base areas were under constant military pressure, and paper currency from Soviet-period institutions was actively suppressed and destroyed following KMT territorial recoveries. Most examples that exist today were preserved outside the region rather than recovered from circulation.

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