N6003, China Local Banknotes (Native Bank Orders), Shanxi Province 13 Pcs, 1939

N6003, China Local Banknotes (Native Bank Orders), Shanxi Province 13 Pcs, 1939.

Fine/Very Fine, 13 pcs different, please refer the picture. Local banknotes are sometime called “Native Bank Orders”.

Issued by several different local governments in Shanxi Province, during WWII. Only circulated in very small area, that is 1 or 2 counties. According to the China’s law and regulation, local government can not issue banknotes. But during the WWII, some remote areas issued thousand of banknotes in low face value, which is circulated with the high face value banknotes(issued by Central Bank of China) at the same time in the market.

Please note that these banknotes were issued by China local government, not by the Japanese puppet government. Printed in poor quality in war period.