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1 Chiao / 10 Cents Beei Hai Bank; green
| Issuer | Pei Hai Bank (北海銀行) |
|---|---|
| Year | 29 (1940) |
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| Value | 1 Chiao (0.1) |
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|---|---|
| Obverse lettering | 壹 - 壹 角 - 角 行銀海北 清 河 角壹 印年九廿國民 角壹 - 角壹 (Translation: 1 Chiao - 1 Chiao Bank of Pei Hai Ching-ho 1 Chiao Printed in Year 29 of the Republic 1 Chiao - 1 Chiao) |
| Reverse description | Yellow-ochre print. A large central guilloche cartouche of lobed floral form fills the note face, with the numeral "10" repeated three times — once at centre and once at each lateral extremity — reserved in white against the fine lathe-work underprint. |
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| Comments |
Pei Hai Bank was established in 1938 under the Shandong-Jiangsu Border Region government — one of the Communist Party's base area banks operating behind Japanese lines. These regional currencies were a deliberate tool of economic resistance, designed to displace both Japanese military scrip and the Central Bank of China's fabi in contested territory. By 1940, the bank was printing notes across multiple guerrilla zones with limited coordination between printing sites, which produced significant variation in ink color, paper stock, and overprint placement within the same nominal issue — the green 1 Chiao being one of the more visually consistent of an otherwise chaotic family.