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5 Chiao / 50 Cents Kiang Hwai Bank of China
| Issuer | Kiang Hwai Bank (江淮銀行) |
|---|---|
| Year | 1943 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 江淮銀行 蘇中第三支行發行 伍角 |
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| Reverse lettering | FIFTY CENTS 50 1943 |
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| Comments |
The Kiang Hwai Bank was a Japanese-sponsored institution operating in the Huai River region of central China during the occupation period. Its notes circulated alongside — and were designed to gradually displace — the Chungking government's fabi currency in areas under Wang Jingwei's collaborationist administration.
Pick S3125 falls within a regional puppet-bank series that remains poorly documented in Western references. Survival rates are uneven; notes from the smaller Huai River banks were printed in modest quantities and saw hard use in rural markets where Japanese military scrip and competing local issues all circulated simultaneously.