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5 Chiao / 50 Cents Bank of Central China
| Issuer | Bank of Central China |
|---|---|
| Year | 1945 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Printed entirely in red, the reverse carries the English bank title THE BANK OF CENTRAL CHINA at top centre within an ornate scrollwork heading. A large numeral 50 occupies the central guilloche medallion, accompanied by the legend FIFTY CENTS below it, with the numeral 50 repeated in each of the four corner rosette panels. Two Chinese inscription panels with handwritten characters appear at lower centre flanking the central medallion, and the year 1945 is printed at the lower margin. |
| Reverse lettering | THE BANK OF CENTRAL CHINA FIFTY CENTS 50 |
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| Comments |
The Bank of Central China was a Communist-administered institution operating in the Liberated Areas during the final phase of the Second Sino-Japanese War. Notes from this bank circulated in regions where Nationalist currency was either unavailable or actively rejected, functioning as a parallel monetary system in territory the CCP was consolidating ahead of the postwar civil conflict with the Kuomintang.
The S-prefix in the Pick reference places this squarely among the regional wartime issues — provisional, often crudely produced, and printed under conditions far removed from any established commercial printer. Survival rates for lower-denomination paper from these administrations tend to be poor; the notes were used hard in rural economies with little incentive for preservation.