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100 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1944 |
| Type | Local banknote |
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| Obverse description | Printed in red. A central vignette shows a truck travelling along a rural road flanked by trees, set within a landscape scene. The bank title 北海銀行 (Bank of Pei Hai) appears in Chinese characters at upper right, with the denomination 壹百圓 repeated in medallions on either side; the date inscription 中華民國三十三年印 (Republic of China Year 33) is printed along the lower margin, with the prefix MM and a six-digit serial number at upper left. |
|---|---|
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| Reverse description | Printed in red. The design is composed of intricate guilloche scrollwork and ornamental borders framing a large central panel with the numeral 100 in bold. The English inscription BANK OF BAI HAI runs across the upper portion, with SHANDUNG and the year 1944 printed at the foot of the note. |
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| Comments |
The Bank of Pei Hai was a communist-administered regional bank operating under the Shandong-Jiangsu border area government during the Second Sino-Japanese War and into the civil war period. Its notes circulated in liberated zones controlled by the New Fourth Army and Eighth Route Army, functioning as a deliberate monetary counter to both Japanese military scrip and Nationalist currency — the intent was to undermine confidence in competing instruments while funding guerrilla operations.
Wartime printing conditions in communist base areas were primitive, and Pei Hai notes from this period routinely show uneven ink coverage and irregular paper stock. Not a defect in the collector sense — simply what rural block printing under occupation looked like.