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5000 Yuan Maojgungs Liutungkyan
| Issuer | Shaan-Gan-Ning Border Area Commercial Company |
|---|---|
| Year | 1947 |
| Type | Local banknote |
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| Obverse description | Brown letterpress print on vertical format. A central vignette set within an arched frame shows a view through a stone gateway passage with mountainous terrain beyond. The denomination 伍仟圓 (5000 Yuan) appears in large Chinese characters within a decorative cartouche in the lower half, flanked by ornate scrollwork. Two red serial numbers are printed above and below the central vignette, with two signature columns at bottom and the Republican calendar date 中華民國三十六年 at the foot. |
|---|---|
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| Reverse lettering | MAOJGUNGS LIUTUNGKYAN 5000 1947 |
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| Comments |
The Shaan-Gan-Ning Border Area — spanning parts of Shaanxi, Gansu, and Ningxia — operated as the administrative and economic base of the Chinese Communist Party during the civil war period. The Commercial Company notes issued here were part of a deliberate strategy to maintain a separate currency zone, insulating the Border Area economy from Nationalist currency inflation, which by 1947 was accelerating catastrophically.
At 5,000 Yuan, this is among the higher denominations in the S3648 series, reflecting the inflationary pressure that forced repeated upward revisions in face values during the late 1940s. Production was local and facilities were limited — printing quality across this series is notably inconsistent, and paper stocks varied with supply availability.