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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 | Black and blue letterpress print. Central vignette of the railroad station tower of Shuangcheng (present-day suburb of Harbin), framed by decorative guilloche borders. Denomination and issuing bank inscriptions appear in Chinese characters. |
|---|---|
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| Reverse description | Violet letterpress print. Central vignette of a large neoclassical administrative building set within an ornate guilloche frame, flanked by two roundels each bearing the denomination in Chinese characters (壹萬圓). The numeral 10000 appears in Western numerals along the lower margin, with the bank name 東北銀行 inscribed at the top. |
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| Comments |
The Tung Pei Bank of China — the Northeast Bank — was established by the Chinese Communist Party in Manchuria in 1946, issuing its own currency in liberated zones before the People's Bank of China absorbed its functions in 1948. This 10,000 Yuan note belongs to the very end of that regional emission period, when hyperinflationary pressure was forcing denominations upward at a pace that rendered smaller notes nearly worthless within weeks of printing.
The Manchurian theater was the decisive front of the Civil War, and currency issued here circulated in conditions of active military operations. Notes from this series frequently show heavy use — the economy of the northeast was functioning, not frozen.