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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 red-orange. A circular vignette at left encloses a farmer seated among baskets of corn cobs, framed by a laurel wreath. The denomination 拾圓 appears in large Chinese characters at centre-right within an ornate floral guilloche panel, with the bank name 北海銀行 running across the top. The legend 膠東 appears at both sides, and the imprint 中華民國三十四年印 is present 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 — Beihai Bank — was a Communist-administered regional bank operating in the Shandong-Bohai base area during the latter stages of the Second Sino-Japanese War. It issued its own currency in direct competition with both Japanese military scrip and Nationalist-backed notes, deliberately supplanting them in territory under CCP control. The 1945 issues were part of a broader effort to stabilize exchange within the liberated zones and gradually absorb earlier, less controlled local currencies.
Pick S3580A places this within a suffix-classified variant, suggesting multiple plate or printing runs exist within the type — not uncommon given the decentralized wartime production conditions these notes were printed under.