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5 Chiao / 50 Cents Bank of Central China
| Issuer | Bank of Central China |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Printed in dark blue, the obverse presents a central vignette of a traditional Chinese pavilion with a multi-storey pagoda rising in the background at centre left, all within a decorative border with corner rosettes. The denomination 伍角 (Five Chiao) appears in an oval guilloche panel at right, with large Chinese characters 伍 (five) at left and right margins. Two red official seals are affixed at lower centre, and a red serial number is printed at upper right beneath the bank title 華中銀行 in Chinese characters. |
|---|---|
| Obverse lettering | 華中銀行 伍角 伍 |
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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.