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10 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1945 |
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| Shape | Rectangular |
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| Obverse description | Printed in blue, the obverse centres on an oval landscape vignette showing a coastal or riverside scene with hills, water, and distant settlements rendered in fine line engraving. The bank name 北海銀行 (Bank of Pei Hai) is inscribed in large Chinese characters across the top, flanked by the serial number 480726 on both sides. The denomination 拾圓 (Ten Yuan) appears in bold Chinese script to the left and right of the vignette, with ornate guilloche corner pieces and the Shantung (東山) regional seals in red at the lower corners. |
|---|---|
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| Reverse lettering | BOXAI INXANG 10 SHAN DUNG 1945 |
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| Comments |
The Bank of Pei Hai was a Communist-administered regional bank operating under the Shandong-Jiangsu Border Region government during the final years of the Second Sino-Japanese War. It issued notes to finance military and civilian operations in territory contested — sometimes day to day — between Japanese forces, Nationalist units, and the Eighth Route Army. Currency issued in this environment rarely survived in quantity; notes circulated hard, often in areas with no banking infrastructure whatsoever, and redemption after 1949's currency unification swept most of them out of existence.
The 1945 date places this note in the last surge of wartime issue, just before Japan's surrender collapsed the immediate military need for regional scrip.