As for the two banknotes you mentioned, after the July 7th Incident, Japan set up four large counterfeit banks in China to issue counterfeit banknotes and seize the market to meet the needs of its political and military aggression. For example, in Northeast China, the currency of the puppet Manchukuo Central Bank quickly occupied the currency market in Northeast China and gained a relatively stable currency position in the war of aggression against China. In Central China and South China, the Japanese army unscrupulously adopted five kinds of currency attack tactics, stepping up infiltration step by step, namely, ① exchanging counterfeit money for the currency in the original circulation field; (2) divide and conquer to block the circulation of original currency; (3) artificially increasing the value of counterfeit money and devaluing the original currency; (4) forcibly purchasing materials with counterfeit money and manipulating the market everywhere; (5) A large number of counterfeit banknotes were remitted to our anti-Japanese democratic base areas in the form of bills of exchange in an attempt to stifle the finance of the liberated areas. Shandong, for example, prohibits the use and preservation of the base currency. Anyone who finds that he is carrying more money from Beihai Bank than 5 yuan will be arrested and shot. At the same time, the Japanese puppet government also used the high-pressure policy to search for legal tender in occupied areas and collect foreign exchange in legal tender in Shanghai and other places. In addition, in May of 1939, the Japanese puppet government used traitors to set up Huaxing Commercial Bank and Central Reserve Bank in Shanghai, both of which absorbed a large amount of French currency and foreign exchange, which caused great losses to China's economy.
However, this kind of paper money is worthless!
This kind of paper money is on sale at auction now, but I don't know what year it is. Prices range from 35 to several hundred, but please consult the local collection center or museum for the specific collection value.
I hope my answer is helpful to you!
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