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100 Yuan Bank of Chinan

Issuer Bank of Chinan
Year 1939
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Shape Rectangular
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Obverse description Deep blue on red underprint, with a central vignette of traditional Chinese pavilion buildings set within a landscape. The denomination 壹百圓 (One Hundred Yuan) appears in large Chinese characters flanking the central vignette on both sides, with serial numbers in red above. The issuer's name 冀南銀行 (Bank of Chinan) is inscribed at top centre, with ornate guilloche borders framing the entire design.
Obverse lettering 冀南銀行 壹百圓 太行 中華民國二十八年印
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The Bank of Chinan was a regional bank established by the Japanese-backed Reformed Government of the Republic of China, operating primarily in Shandong province during the occupation period. Its notes circulated as a parallel currency alongside the Central Reserve Bank issues, part of a deliberate strategy to fragment Chinese monetary authority across puppet financial institutions rather than consolidate it.

The S-prefix Pick reference confirms this as a regional issue. Surviving examples from the 1939 series are unevenly distributed in collections — Shandong saw heavy military activity throughout the early 1940s, and much of the paper currency in circulation was destroyed, reissued, or simply abandoned as front lines shifted.

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