100 Yuan Bank of Pei Hai

正面描述	Dark grey-green letterpress print on a light ground. A tall memorial monument or stele occupies the central vignette, flanked by ornamental guilloche borders. The bank name 北海銀行 appears across the top, with the denomination 壹百圓 repeated on both sides; red serial numbers and two red seal stamps are visible, along with the regional overprint 山東 at left and right margins.
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背面铭文	BANK OF BAI-HAI 100 1946
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备注	The Bank of Pei Hai was a Communist-controlled regional bank operating in the Shandong-Bohai border region, issuing currency in direct competition with both Nationalist Chinese and Japanese puppet bank notes still circulating in the area after the war. By 1946, the bank was functioning as a genuine monetary instrument of the Chinese Communist Party's regional administration — not a provisional wartime token, but a deliberate tool for establishing economic control ahead of the civil war's decisive phase. Notes from this series circulated in a region where multiple currencies traded simultaneously, and exchange rates between them were politically charged. Surviving examples in any condition are harder to find than their print runs would suggest — wartime paper and rural circulation were not kind to them.

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