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5 Fen Guanghua Shangdian

Issuer Yan'an Guanghua Shangdian (延安光華商店)
Year 1938
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Value 5 Fen (0.05)
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Obverse lettering 延安光華商店代價券
伍分
中華民國二十七年印
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Reverse lettering 一為便利币面流通特發行代價券
二遇此券式給張彼此照通用小
票憑送信用印足代法幣壹圓
三此券數行十足準備準備金全部
行政邊區銀行由邊區銀行保証
並代理兌換  延安光華商店
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Comments

Guanghua Shangdian — the Guanghua Store — was established by the Chinese Communist Party in Yan'an in 1938 as a cooperative trading organization supplying the border region population. Its scrip served as functional small-change currency at a time when metal coins were scarce and the Nationalist-issued fabi was both mistrusted and in short supply across CCP-controlled territory. Notes of this denomination were high-circulation, low-survival items: used hard, often in outdoor markets, and rarely preserved.

The Yan'an printing infrastructure of this period was primitive by any standard. That these notes exist at all is partly luck.

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