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5 Yuan Farmer's Bank of Chung-Chou
| Issuer | Farmer's Bank of Chung-Chou (中州農民銀行) |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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| Obverse description | Black letterpress print on plain paper within an ornate guilloche border framing the entire note. The central area carries the denomination numeral '5' flanked by decorative scrollwork, with the bank title 中州農民銀行 running across the top. Two red seal impressions appear at the lower left and right flanking the date inscription 中華民國三十七年 along the lower centre. |
|---|---|
| Obverse lettering | 中州農民銀行 伍圓 中華民國三十七年 〈AS〉 |
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| Comments |
The Farmer's Bank of Chung-Chou was a regional bank operating in Henan province under Nationalist-aligned authority. By 1948 the hyperinflationary collapse of Nationalist currency was well advanced — the same year saw the ill-fated Gold Yuan reform attempt — and provincial and quasi-official banks like this one were issuing notes that lost purchasing power almost immediately upon release. Circulation life was measured in weeks, not years.
Surviving examples tend to show heavy use, consistent with rapid turnover during economic chaos rather than hoarding.