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1 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1946 |
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| Shape | Rectangular |
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| Obverse description | Printed entirely in red. At left, an oval guilloche underprint frames the Chinese characters 壹圓 (One Yuan), with the denomination 壹 repeated in the corners. At right, a large arched vignette presents a mountain landscape scene. The bank name 北海銀行 appears across the top, with 山東 (Shandong) inscribed at lower left and the inscription 中華民國三十五年印 (Printed in the 35th year of the Republic of China) along the lower border. |
|---|---|
| Obverse lettering | 北海銀行 壹圓 壹 山東 中華民國三十五年印 |
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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.