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100 Yuan Bank of Pei Hai

Issuer Bank of Pei Hai (北海银行)
Year 1945
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Currency Yuan (1912-1949)
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Obverse description Printed in red. The obverse carries a central guilloche medallion with the denomination 壹百圓 (One Hundred Yuan) in Chinese characters, flanked by a vignette at right showing farmers working in a field. The bank name 北海銀行 (Bank of Pei Hai) is inscribed at top center, with serial numbers appearing at upper left and right, and the regional overprint 膠東 at left.
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Reverse lettering BOXAI INXANG
100
GIAODUNG
ONE HUNDRED YUAN
1945
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The Bank of Pei Hai was a Communist-controlled regional bank operating in the Shandong-Bohai border area, and its notes functioned as a parallel currency to both Nationalist fiat and Japanese occupation scrip during the final years of the war. The 1945 dating places this issue squarely in the period when the bank was aggressively expanding its note circulation to finance guerrilla operations and consolidate economic control in liberated zones.

The "D" suffix in the Pick reference denotes a distinct variety within the S3594 type — likely a signature, seal, or overprint variant, as was common across Pei Hai issues where local branch authorization created numerous sub-types that remain difficult to attribute precisely.

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