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10 000 Yuan Tung Pei Bank of China
| Issuer | Tung Pei Bank of China (東北銀行) |
|---|---|
| Year | 1948 |
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| Currency | Yuan (1948-1948) |
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| Obverse description | Central vignette at right presents a traditional Chinese pavilion gate set within an oval guilloche frame. The denomination 壹萬圓 (10,000 Yuan) is printed in large characters at centre-left over an ornate rosette underprint, flanked by corner tablets reading 壹萬. Red serial number and prefix letters appear at upper right and left respectively, with two red seal impressions at lower centre. The bank name 東北銀行 is inscribed at upper right, and the date 中華民國三十七年印 (Republic of China Year 37) runs along the lower margin. |
|---|---|
| Obverse lettering | 東北銀行 壹萬圓 流通券 地方 10000 中華民國三十七年印 |
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| Comments |
The Tung Pei Bank of China — literally the Northeast Bank of China — was the financial arm of the Chinese Communist Party's operations in Manchuria during the civil war against the Nationalists. By 1948, the Communists had largely consolidated control over the northeast, and notes like this one were printed in high denominations to keep pace with rampant inflation that had destabilized Nationalist currency across the region.
Within months of this note's issue, the People's Bank of China was established and the Renminbi introduced. Regional Communist bank notes were absorbed and retired rapidly, which kept most from accumulating in circulation for long.