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5 Chiao / 50 Cents Farmer's Bank of Northwest China
| Issuer | Farmer's Bank of Northwest China (西北農民銀行) |
|---|---|
| Year | 1940 |
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| Value | Log in to see details |
| Currency | Yuan (1935-1946) |
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| Obverse description | Brown letterpress print on cream paper, with a decorative guilloche border framing the entire note. A central oval vignette at left presents a gazebo set among trees on an elevated terrace. The denomination in Chinese characters (伍角) appears in a floral cartouche at right, with the bank name (西北農民銀行) inscribed across the top and the date legend (中華民國廿九年) at the lower left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Blue-grey letterpress print with an ornate guilloche border and four large rosette medallions at each corner. The denomination numeral "50" is printed prominently in the centre, flanked by the value "50" repeated at all four corners. The bank name is rendered in romanised script as "SIBEI NUNG MIN INXANG" at the top, with "TUNG JYNG GUOBI WUGIE" below the central numeral, and two facsimile signature lines above the date "1940" in a decorative cartouche at the foot. |
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| Comments |
The Farmer's Bank of Northwest China was established under the Shaan-Gan-Ning Border Region government — the Communist-administered territory centered on Yan'an — as part of a deliberate strategy to break economic dependence on Nationalist-issued currency. By 1940, Chiang Kai-shek's government had formally cut off financial subsidies to the Eighth Route Army, forcing the Border Region to build its own monetary system from scratch. This note is a direct product of that rupture.
Printing conditions in the Yan'an base area were primitive, and the S3291 series reflects it. Paper quality and impression consistency vary considerably across surviving examples, which is a function of wartime production rather than damage in circulation.