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1 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1946 |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | 北海銀行 壹圓 壹 山東 中華民國三十五年印 |
| Reverse description | Printed entirely in red. The centre is occupied by a large numeral 1 set within an intricate guilloche medallion, flanked on both sides by the legend ONE YUAN. The bank title PEI HAI BANK is inscribed in Roman letters within a decorative cartouche at the top, and the date 1946 appears at the lower centre amid scrollwork borders. |
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| Comments |
The Bank of Pei Hai — Beihai Bank — was a Communist Party financial institution operating in the Shandong-Jiangsu-Hebei border regions during the civil conflict with Nationalist forces. It issued its own currency as part of a broader CCP strategy to maintain economic independence in liberated zones, competing directly with Nationalist fabi and later with gold yuan notes in the same territories.
The S-prefix in the Pick reference places this firmly in the specialized Chinese regional issues section — a category where survival rates vary enormously depending on which areas were later consolidated under PRC control and which saw active destruction of "old base area" currency during monetary unification in 1948–49.