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5 Yuan Kiang Hwai Bank of China, overprint on 1 Yuan
| Issuer | Kiang Hwai Bank of China |
|---|---|
| Year | 1941 |
| Type | Log in to see details |
| Value | 5 Yuan |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 江淮銀行 壹圓 作伍圓 中華民國三十年印 |
| Reverse description | Log in to see details |
| Reverse lettering | KIANG HWAI BANK OF CHINA ONE YUAN 作伍圓 A033100 1941 |
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| Comments |
The Kiang Hwai Bank of China was a puppet institution established under the Japanese-sponsored Wang Jingwei regime in Nanjing, and this overprinted note is a direct product of wartime monetary improvisation. Rather than printing new denominations from scratch, the occupying administration authorized the revaluation of existing 1 Yuan notes by stamping them with a 5 Yuan overprint — a stopgap that kept currency supply moving without the delays of fresh print runs.
The S-prefix in the Pick reference places this firmly in the specialized Chinese regional and political issues catalog. Genuine examples of S3118A are scarce; the overprint itself is the authenticating detail to scrutinize.