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民国期间,军阀混战,逐鹿中原;河南省每一任督军、主席上台后,为了维持庞大的军费开支和进一步搜刮民脂民膏,都大铸特铸铜元,以牟取暴利。1927年5月上旬,武汉国民政府的北伐军与国民军联合进攻河南的奉军,迫使奉军撤出河南。河南战时告一段落后,冯玉祥任河南省主席。1928年3月,国民军创办河南农工银行,总行设在省政府所在地开封。虽说属官商合办性质,但商股不足十分之一。同年3月16日该行开始发行铜元票1000万串,10月并入西北银行。为兑付纸币,冯玉祥令河南铜元局开铸当百铜元。
During the period of the Republic of China, the warlords were competing with each other in the Central Plains. After each presidential warlord in Henan Province came to power, in order to maintain the huge military expenditures and further search the people’s cream, they cast large bronze coins to make huge profits. In early May 1927, the Northern Expedition Army and the National Army of the Wuhan National Government jointly attacked Fengjun in Henan Province, forcing the Bengjun to withdraw from Henan. After the wartime Henan reported a lag, Feng Yuxiang served as chairman of Henan Province. March 1928, the National Army founded Henan Agricultural Bank, headquartered in Kaifeng, the seat of the provincial government. Although the nature of joint ventures, but less than one-tenth of the stock. March 16 the same year the bank began issuing copper votes 10 million strings, merged into the Northwest Bank in October. To honor the banknotes, Feng Yuxiang ordered the Henan Copper Bureau to cast a hundred copper coins.