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5 Yuan Maojgungs Liutungkyan
| Issuer | Shaanxi-Gansu-Ningxia Border Area Trade Company |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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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 |
| Reverse description | Plain light cream paper printed in black with three vertical columns of Chinese text setting out the conditions of use for the note, including authorization by the Shaanxi-Gansu-Ningxia Border Area Government, the note's validity as currency throughout the border region, its face value of 20 Yuan in Shaanxi-Gansu-Ningxia Border Area Bank currency, and the redemption regulations. No pictorial vignette or ornamental border is present. |
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| Comments |
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.