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| 正面描述 | Blue letterpress print. Vignette at left of a rural waterfront village with houses, trees, and hills. Chinese text reads right to left, with square seal-script overprints in the margins; bank name and regional designation 膠東 appear as principal legends alongside the denomination. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Brown letterpress print. A large central guilloche medallion of fine lathe-work rosettes and scrollwork fills the field, with the numeral 1 at centre. Ornate foliate corner devices and a dotted inner border frame the composition within a guilloche outer border. |
| 背面铭文 | 登录 以查看详情 |
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| 防伪类型 | 登录 以查看详情 |
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The Bank of Pei Hai was established in 1938 by the Shandong-Jiangsu Border Region government — one of several Communist-controlled base areas that issued their own currency to fund guerrilla operations and displace Japanese military scrip and puppet bank notes from local circulation. By 1942 the war had pushed these operations into extremely difficult terrain, with the bank relocating its printing facilities repeatedly to avoid Japanese sweeps. Production conditions were crude: paper stock, ink quality, and registration varied considerably across print runs of the same denomination.
Notes from this period circulated exclusively within tightly bounded liberated zones and were not redeemable outside them.