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500 Cash Southeast Hupeh Workers and Farmer's Bank
| Issuer | Southeast Hupeh Workers and Farmers Bank |
|---|---|
| Year | 1932 |
| Type | Log in to see details |
| Value | 500 Cash |
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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. |
|---|---|
| Obverse lettering | 鄂東南工農銀行 伍百文 一九三二年 |
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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.