China 1945 - Soviet Red Army Headquarters 100 Yuan Issued Note, Revalidated 1946 (Pick M36)
Currency issued by the Soviet Red Army Headquarters functioned within a command-level financial structure designed to support military logistics, civilian transactions, and administrative continuity in occupied territory. In the absence of an operative central banking system, monetary authority was exercised directly by military command, resulting in a short-lived but fully functional wartime currency distinct from both Japanese occupation issues and subsequent Chinese Communist emissions. Read more →