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5 Fen Chinese Soviet Republic Bank of Hunan-Kwangsi Province
| Issuer | Bank of the Chinese Soviet Republic, Hunan-Kwangsi Provincial Branch (湘贛省蘇維埃銀行) |
|---|---|
| Year | 1934 |
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| Currency | Yuan (1930-1936) |
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| Obverse description | Red letterpress print on plain paper. The central field carries large Chinese characters 伍分 (Five Fen) flanked by two vignettes of traditional buildings within ornate cartouches. The bank title inscription runs horizontally across the top, with the denomination character 伍 repeated in circular devices at each corner. Two manuscript signatures appear across the lower centre. |
|---|---|
| Obverse lettering | 中華蘇維埃共和國家銀行湘贛省分行 伍分 |
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| Comments |
The Hunan-Kwangsi Soviet (湘赣苏区) was one of the more isolated base areas of the Chinese Communist movement, operating under constant Nationalist encirclement pressure from 1931 onward. By 1934, the region was in terminal military retreat — the Long March had not yet begun, but the base area economy was already collapsing under blockade conditions. Notes of this provincial soviet bank circulated in a shrinking geography, accepted by coercion as much as by confidence.
Survival rate is extremely low. Most soviet-era paper currency from the Jiangxi period was deliberately destroyed after Nationalist forces overran the base areas, and what wasn't destroyed simply decomposed — the paper quality in many provincial soviet issues was poor even at time of printing.