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10 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1945 |
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| Currency | Yuan (1912-1949) |
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| Obverse description | Printed in blue and brown, the obverse carries a central vignette of a rural landscape with mountains, trees, and a river scene enclosed within an ornate cartouche. The bank name 北海銀行 appears in large Chinese characters across the top, with the denomination 拾圓 inscribed centrally within the vignette frame. Serial numbers and the regional designation 膠東 appear at left and right, with the Republican era date printed at the lower margin. |
|---|---|
| Obverse lettering | 北海銀行 拾圓 膠東 中華民國三十四年印 |
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| Comments |
The Bank of Pei Hai was a Communist Party-controlled regional bank operating in the Shandong-Bohai base area, and its notes circulated in direct competition with both Nationalist currency and Japanese puppet-state scrip during the final years of the Second Sino-Japanese War. This particular 1945 issue came at a pivotal moment — the base areas were expanding rapidly as Japanese control fragmented, and the party needed a credible local currency to stabilize commerce and extract resources for the military effort.
Printing conditions in guerrilla-held territory were rudimentary. Registration inconsistencies and ink variation are common across the series, and these are production characteristics, not damage.