10 Yuan Bank of Pei Hai

The Bank of Pei Hai (北海银行) was the currency-issuing arm of the Shandong-Jiangsu-Hebei border region government — one of several Communist-administered base areas operating their own monetary systems during the Second Sino-Japanese War and subsequent civil war period. These regional currencies were explicitly designed to displace both Japanese military scrip and Nationalist fabi within their territories, functioning as instruments of economic consolidation as much as anything else.

The S3582C designation places this within a larger series of closely related varieties differentiated primarily by printing source, as the Bank of Pei Hai drew on multiple local printers across its dispersed base areas — production was decentralized by necessity, not design preference. Attribution between varieties requires close attention to paper stock and impression characteristics.