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100 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 100 Yuan |
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| Composition | Log in to see details |
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|---|---|
| Obverse lettering | 北海銀行 壹百圓 中華民國三十四年印 膠東 |
| Reverse description | Brown print on plain paper. Central guilloche medallion bearing the numeral 100 and the text GIAO DUNG, surrounded by intricate lathe-work border. The legend BOXAI INXANG appears across the top, with ONE HUNDRED YUAN inscribed at the bottom centre flanked by the serial number repeated at each corner. The issue year 1945 is displayed in a panel at the foot of the design. |
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| Comments |
The Bank of Pei Hai was a Communist Party financial institution operating in the Shandong-Jiaozhou base area, and its notes from this period functioned as a parallel currency deliberately designed to displace both Nationalist fiat and Japanese military scrip from local circulation. The 1945 date places this squarely in the final year of the anti-Japanese war, when the bank was aggressively expanding its note issue to consolidate economic control ahead of the coming civil conflict with the Kuomintang.
Regional Communist-issued paper from this period was printed under wartime conditions with limited equipment, and quality control across the Pei Hai series varies considerably — misaligned impressions and ink inconsistencies are common and expected rather than signs of damage.