5 Chiao West Hupeh Farmer's Bank

The West Hupeh Farmer's Bank (鄂西農民銀行) was one of several short-lived rural credit institutions established by the Chinese Communist Party in its early soviet base areas during the late 1920s and early 1930s. The Hupeh-Hunan-Jiangxi Soviet region, where this bank operated, was under constant Nationalist military pressure throughout 1930 — the year this note was issued — making organized monetary administration a functional near-impossibility.

Soviet-area notes from this period were printed under primitive conditions and circulated within tightly bounded territory. Very few survived the successive Nationalist encirclement campaigns that dismantled these base areas by the mid-1930s.