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500 Cash Southeast Hupeh Workers and Farmer's Bank
| Issuer | Southeast Hupeh Workers and Farmers Bank |
|---|---|
| Year | 1932 |
| Type | Standard circulation banknote |
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| Obverse description | Blue letterpress note with an ornate border of scrollwork and cloud motifs, centred on a guilloche oval underprint enclosing the denomination numeral '伍百文' (500 Cash). A ribbon cartouche at the top bears the bank name in Chinese characters, with circular corner medallions each carrying the character '伍'; the date '一九三二年' (1932) appears in red below the central vignette, and a serial number is printed in red at the foot of the note. |
|---|---|
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| Reverse description | Plain paper reverse enclosed within a simple rectangular key-fret border, bearing a lengthy proclamation in Chinese brush-script style set in vertical columns, addressed to the populace and setting out the purpose and mandate of the Southeast Hupeh Workers and Farmers Bank. The bank name and an issuance date notation appear in the lower-left corner, with a faint red official seal at centre. |
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| Comments |
The Southeast Hupeh Workers and Farmers Bank was one of several soviet-area financial institutions established by the Chinese Communist Party during the Jiangxi Soviet period, issuing currency in the red base areas of Hubei province while the Nationalist government simultaneously ran its own banking system. These notes circulated in a war zone — the region was under constant Guomindang encirclement campaigns throughout 1932, and the currency's practical lifespan was measured in months rather than years.
Survival rate is extremely low. Notes from the soviet-area banks were systematically destroyed when Nationalist forces overran the base areas, and holders had strong incentive to dispose of them quickly after the Communist withdrawal.