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1 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1944 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | 北海銀行 壹圓 渤海 中華民國三十二年印 |
| Reverse description | Printed in red-brown on plain paper, the reverse is dominated by a large lobed guilloche medallion at centre enclosing the numeral 1, surrounded by intricate lathe-work underprint. The inscription BOXAI appears in a decorative cartouche within the lower portion of the medallion, and the overall design is framed by a geometric floral border with hammer-and-sickle corner ornaments. |
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| Comments |
The Bank of Pei Hai (北海銀行) was a Communist Party–controlled regional bank operating in the Shandong-Jiangsu border base areas during the Second Sino-Japanese War. Its notes circulated in liberated zones as a direct instrument of CCP economic policy — suppressing Japanese military scrip and Nationalist currency in contested territory. The bank was established in 1938 in Shandong Province and remained active through Liberation.
S-prefix Pick numbers indicate non-government or regional issues, but this note carried genuine authority within its circulation area. Wartime paper quality varied considerably across the series, and condition survivors are unevenly distributed depending on which base area the notes originally served.