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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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| Reference(s) | P#S3257 S3258 |
| Obverse description | Printed in purple ink, the obverse presents the issuing bank title and branch name in Chinese characters arranged within a framed border, with the denomination 伍角 (Five Jiao) in bold filled lettering. Black ink signatures appear below the central text panel, accompanied by an exchange clause indicating the redemption rate of two notes for one silver dollar. The overall layout follows a letterpress style with decorative border elements framing the inscriptions. |
|---|---|
| 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) |
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| Comments |
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.