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500 Yuan Maogungs Liutungkyan
| Issuer | Northwest China Liberated Area - Maogungs Liutungkyan (Trade Bureau) |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Vertical format printed in orange-red on white paper. Central vignette presents a panoramic view of the Great Wall of China. Serial number appears twice, at top and bottom center, with two manuscript signatures flanking the lower denomination inscription 伍百圓 (Five Hundred Yuan); decorative border frames the entire note. |
|---|---|
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| Reverse description | Vertical format in matching orange-red print. Upper section carries the numeral 500 within an oval cartouche flanked by repeated denomination panels. The body of the note is occupied by a lengthy vertical Chinese text block setting out the terms and authority of issue, with decorative guilloche borders on all sides. |
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| Comments |
The Northwest China Liberated Areas produced a bewildering number of regional trade bureau notes during the final years of the civil conflict, each tied to specific administrative zones rather than a unified monetary authority. Maogungs Liutungkyan — roughly translatable as a trading and circulation bureau — was one of the local organs empowered to issue scrip to facilitate commerce within its jurisdiction, insulating CCP-controlled territory from Nationalist currency and inflation.
1945 was the pivot year: Japan's surrender in August collapsed existing trade networks overnight, forcing rapid monetary improvisation across the northwest. Notes from this bureau are genuinely uncommon in any grade; regional scrip of this type was often withdrawn and destroyed once the People's Bank consolidation began after 1948.