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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 Printed in olive-green. The design is dominated by a large central guilloche rosette with the numeral 10 at its heart, flanked by two smaller circular guilloche medallions. A decorative border of interlocking foliate scrollwork frames the entire note. The romanised inscriptions BOXAI INXANG appear along the top border and GIAO DUNG along the bottom, with the numeral 10 repeated in each corner.
Reverse lettering BOXAI INXANG GIAO DUNG 10
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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.

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