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1 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Central vignette of a horse-drawn plough working a field, with a hillside landscape and trees in the background, all rendered in an olive-green intaglio style. The bank title 北海银行 (Bank of Pei Hai) is inscribed in large Chinese characters across the top, with the denomination 壹圓 (One Yuan) in seal script flanking the vignette on both sides. Serial numbers appear in red at upper left and upper right, with the date 民国三十四年 (Republic Year 34, i.e. 1945) printed at the lower centre, and the regional overprint 膠東 (Jiaodong) within an oval cartouche at the top of the central vignette. |
|---|---|
| Obverse lettering | 北海银行 壹圓 膠東 民国三十四年 民 |
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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.