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| Issuer | Bank of Eastern Chekiang (浙東銀行) |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 1 Yuan = 7.2 Mace (0.72) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 浙東銀行 壹圓 浙東地委兌換券 中華民國三十四年 |
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| Reverse lettering | THE BANK OF EASTERN CHEKIANG 壹 |
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| Comments |
The Bank of Eastern Chekiang was a provincial institution operating in the Nationalist-controlled interior of Zhejiang province during the final years of the Second Sino-Japanese War. By 1945, hyperinflationary pressure on the central Nationalist currency — the fabi — had pushed local and provincial banks into issuing their own notes to maintain any functional circulation at the village level. This 1 Yuan note belongs to that emergency provincial layer, not to any formal central banking framework.
The "b" suffix in the Pick reference indicates a color variety, distinguishing this brown example from otherwise identical printings. Color variations in wartime Chinese provincial issues frequently reflect nothing more exotic than ink availability.