Mengjiang Bank


The Mengjiang Bank, also Meng Chiang Bank or Bank of Inner Mongolia, was a central bank of the Japan-supported government of Mengjiang that governed Inner Mongolia during early years of the Second Sino-Japanese War, from late 1937 to early 1941.
It was thus one of the "puppet" banks of issue established by the Japanese occupation forces, together with the Central Bank of Manchou, United Reserve Bank, Huaxing Commercial Bank and Central Reserve Bank.

Overview

A predecessor of the Mengjiang Bank, the Chahar Commercial Bank, was established in the interwar period in Kalgan, then the capital of Chahar Province in Inner Mongolia. After conquering the region in the summer of 1937, the Japanese occupation forces established the region of South Chahar or Cha-Nan, and in established the Chanan Bank as a bank of issue fully owned by the Chanan occupation government, which started operations in Kalgan on then opened branches in several cities of the region such as Hohhot.
The Chanan Bank turned out to be short-lived, however, and was soon reorganized as the Mengjiang Bank, established on and opened on, on Gulou West Street in Kalgan. In addition to banknotes, the Mengjiang Bank minted coins, which had a face partly written in Mongolian script with dating referring to the number of years since the era of Genghis Khan.
By 1945, the Mengjiang Bank had issued over 4.2 billion yuan in banknotes and coins. As with other puppet banks, the bank's staff was mostly Chinese, but most executives, consultants, advisors, and foreign exchange managers were Japanese.

Leadership