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100 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Brown on multicolour underprint. Central vignette of denomination 壹百圓 within an ornate cartouche, flanked by decorative guilloche scrollwork. To the right, a pastoral rural scene with water buffalo grazing beneath trees against a hilly landscape. Bank title 北海银行 appears across the top, with serial number prefix KA and date inscription 中華民國三十四年印 along the lower margin. |
|---|---|
| Obverse lettering | 北海銀行 壹百圓 中華民國三十四年印 膠東 |
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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.