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1 Yuan Bank of Hopei

Issuer Bank of Hopei (河北省銀行)
Year 1934
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Value 1 Yuan
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Obverse description Central vignette presents a panoramic view of the Yíhéyuán (Summer Palace) near Peking, with its iconic pagoda on the hillside reflected across Kunming Lake, rendered in fine intaglio detail against a salmon-orange guilloche underprint. The large Chinese character 壹圓 (One Yuan) appears to the right of the vignette, flanked by ornamental corner rosettes. Bank name 河北省銀行 runs across the top, with serial numbers at upper left and right, and redemption and date inscriptions in smaller characters along the lower margin.
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Reverse lettering BANK OF HOPEI 圓 1 壹 YUAN PROMISES TO PAY THE BEARER ON DEMAND ONE YUAN LOCAL CURRENCY TIENTSIN 1934
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The Bank of Hopei was a provincial institution operating under the Nationalist government's increasingly fractious financial architecture of the early 1930s. By 1934, Hopei province sat uncomfortably close to Japanese-controlled Manchuria, and the bank's notes circulated in a region where competing currencies — Japanese military scrip, Manchukuo notes, and Central Bank of China issues — all jostled for acceptance. Provincial credibility mattered enormously in that environment.

Printed in Tientsin, which by this period housed a substantial concentration of foreign concessions and competing financial institutions. The city's printers had long experience with security printing for northern Chinese issuers, though the technical quality of provincial notes from this facility was uneven across the decade.

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