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10 Yuan Bank of Pei Hai

Issuer Bank of Pei Hai
Year 1945
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Composition Paper
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Reverse description Green letterpress print with an elaborate guilloche underprint. The numeral 10 appears in each of the four corners within circular rosette frames, and a large bold 10 occupies the centre, set against a dense symmetrical lathe-work background. The romanised bank name BOXAI INXANG is inscribed in a panel at the top, with SHAN DUNG and the year 1945 in a panel at the bottom.
Reverse lettering BOXAI INXANG
10
SHAN DUNG
1945
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Comments

The Bank of Pei Hai (北海银行) was the principal currency-issuing body of the Shandong-Jiangsu liberated zone, operating under direct Communist Party administration. Established in 1938, it functioned as a wartime financial instrument for the Eighth Route Army's base areas, and its notes circulated in territory that changed hands repeatedly between Japanese forces and Communist-held districts throughout the war.

By 1945, the bank was producing notes across multiple regional branches with inconsistent printing resources, which accounts for the numerous catalog variants within this series — S3582A being one of several closely related 10 Yuan emissions distinguished primarily by paper stock and overprint differences.

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