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1 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 1 Yuan = 7.2 Mace (0.72) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 北海银行 壹圓 膠東 民国三十四年 民 |
| Reverse description | Log in to see details |
| Reverse lettering | ONE YUAN 1 1945 |
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| Comments |
The Bank of Pei Hai was a Communist Party financial institution operating in the Shandong-Bohai base area during the Second Sino-Japanese War and the subsequent civil conflict. Its notes circulated in territory that changed hands repeatedly, and the bank itself underwent several reorganizations before being absorbed into the People's Bank of China at its founding in 1948.
Notes from this period and issuer are notoriously difficult to authenticate — wartime printing conditions meant inconsistent paper stock and ink, which forgers later exploited by producing crude copies to pass in rural markets where the originals had already circulated heavily.