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50 Yuan Farmer's Bank of Northwest China
| Issuer | Northwest Farmers' Bank (西北農民銀行) |
|---|---|
| Year | 1943 |
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| Currency | Yuan (1935-1946) |
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|---|---|
| Obverse lettering | 西北農民銀行 伍拾圓 中華民國三十二年 |
| Reverse description | Printed in green, the reverse centres on a vignette of a traditional Chinese multi-tiered pavilion complex set within a garden landscape, enclosed by ornamental scrollwork borders. Corner numerals repeat the denomination '50', and a romanised transcription of the bank name runs along the upper border, with the denomination in romanised form and the Gregorian year 1943 along the lower margin. |
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| Comments |
The Northwest Farmers' Bank was established in 1936 under the Shaanxi-Gansu-Ningxia Border Region government — the Communist-administered territory centered on Yan'an that functioned as a semi-autonomous political and economic unit throughout the Sino-Japanese War and the subsequent civil war period. The bank issued its own currency specifically to counter Nationalist-issued notes and Japanese puppet money circulating in and around the border region, giving the Communist administration direct control over local trade and grain procurement.
By 1943, the border region economy was under severe pressure from a Nationalist economic blockade that had been tightening since 1941. This note belongs to that squeeze — issued partly to finance agricultural mobilization campaigns and the production drives associated with the Yan'an Rectification Movement running concurrently that year.