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5 Yuan Maojgungs Liutungkyan

Issuer Shaanxi-Gansu-Ningxia Border Area Trade Company
Year 1945
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Value 5 Yuan
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Obverse lettering 陝甘寧邊區貿易公司商業流通券
伍圓
民國三十四年印
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Reverse lettering 一、此券業經陝甘寧邊區政府批准發行並佈告全邊區境內所有納稅文
二、此券規定每一元當陝甘寧畫銀票幣二十元
三、此券得照章兌換法幣
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The Shaanxi-Gansu-Ningxia Border Area was the administrative heartland of the Chinese Communist Party during the Yan'an period, and the trade companies operating there issued their own currency partly to counter Nationalist economic blockades that restricted the flow of goods and standard currency into the region. These border area notes functioned as a parallel monetary system, circulating alongside — and often in competition with — Nationalist fabi.

By 1945, the border area authorities had years of experience printing their own instruments, but paper and ink quality remained constrained by the blockade. Surviving examples frequently show uneven impression and thin stock, which reflects production conditions rather than post-issue wear.

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