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10 Yuan Bank of Shansi, Chahar, & Hopei
| Issuer | Bank of Shansi, Chahar & Hopei |
|---|---|
| Year | 1940 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Olive-grey print on light yellow-green underprint. Central vignette presents a mountainous landscape, likely the Great Wall, enclosed within an ornate frame, flanked by two circular guilloche rosettes bearing the numeral 10. The legend BANK OF SHANSI CHAHAR & HOPEI arcs across the top, with TEN and YUAN inscribed to either side of the central vignette. The inscription LOCAL CURRENCY appears in a rectangular cartouche at lower centre, with the date 1940 below. |
| Reverse lettering | BANK OF SHANSI CHAHAR & HOPEI TEN YUAN LOCAL CURRENCY 1940 |
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| Comments |
The Bank of Shansi, Chahar & Hopei was a Japanese-sponsored institution established in 1938 to manage currency in the occupied northern Chinese provinces — part of a deliberate strategy to displace Nationalist-issued fiat and bind the regional economy to Japanese military interests. Its notes circulated alongside, and were intended to supplant, the legal tender of the Nationalist government in areas under puppet administration.
By 1940 the bank was issuing across multiple denominations to meet both military expenditure and civilian transaction needs in the occupied zone. Wartime paper quality across this series is inconsistent, and surviving examples frequently show stress along fold lines due to heavy use in active circulation under occupation conditions.