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50 Yuan Farmer's Bank of Northwest China
| Issuer | Farmer's Bank of Northwest China (西北農民銀行) |
|---|---|
| Year | 1943 |
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| Value | Log in to see details |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 西北農民銀行 伍拾圓 中華民國三十二年 |
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| Reverse lettering | SI BEI NUNG MIN IN XANG 50 USHYAN 1943 |
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| Comments |
The Farmer's Bank of Northwest China was a communist-controlled institution operating out of the Shaan-Gan-Ning Border Region — the Yan'an base area governed by the Chinese Communist Party during the Second Sino-Japanese War. It issued currency in direct competition with Nationalist legal tender, and Chiang Kai-shek's government never recognized these notes as legitimate. The bank's emissions were a deliberate instrument of economic administration in territory the KMT could not control.
The S-prefix Pick designation signals this is a regional issue, catalogued separately from the central government series. Border region notes from 1943 rarely survived in quantity — wartime paper stocks were poor, and post-1949 significance meant many were discarded rather than preserved once the People's Republic issued its own unified currency.