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7 Chiao 5 Fen / 75 Cents Guangxua Shangdian

Issuer Guangxua Shangdian (光華商店), Shensi-Kansu-Ninghsia Border Area
Year 1940
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Currency Yuan (1948-date)
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Obverse lettering 光華商店代價券
七角五分
通用甘國幣
中華民國廿九年
Reverse description Dark navy-blue letterpress print on plain paper. The centre of the note is dominated by a large scalloped guilloche medallion bearing the numeral 75, flanked by two cursive manuscript signatures. The word CENTS appears in a decorative panel immediately below the central medallion, and the date 1940 is set in an ornamental cartouche at the foot. The upper border carries the romanised issuer name GUANGXUA SHANGDIAN in bold capital letters between decorative stops, while the four corners each display the numeral 75 within guilloche roundels. The overall design is framed by a fine engine-turned geometric border.
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Guangxua Shangdian was a state-run cooperative store operating under the Chinese Communist Party's Border Region government in Yan'an. These notes were issued as trade scrip — essentially internal currency for transactions within the cooperative network — at a time when the Shensi-Kansu-Ninghsia Border Area was running a largely self-sufficient wartime economy under Nationalist blockade. The 1940 issue came during a period of acute shortage, when the Border Region was printing its own competing instruments across multiple issuing bodies simultaneously.

The fractional denomination is a practical relic of that scarcity: small-denomination scrip filled gaps that metal coinage could not.

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