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100 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1946 |
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| Value | Log in to see details |
| Currency | Yuan (1946-1949) |
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| Obverse description | Olive-green letterpress print on light ground. Central vignette of a farmer plowing a field with an ox, set within a scalloped decorative frame. The bank name 北海銀行 (Bank of Pei Hai) appears across the top, with the denomination 壹百圓 (One Hundred Yuan) below the vignette; two red seal impressions are visible at the lower center, and the regional designation 山東 (Shandong) appears at the right margin. |
|---|---|
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| Reverse lettering | New Democracy! Free China! |
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| Comments |
The Bank of Pei Hai (北海银行) was established in 1938 in the Shandong liberated zone under Communist Party control, making it one of the longer-running regional wartime banks before the People's Bank of China absorbed it in 1950. By 1946, the bank was operating across several base areas — Shandong, Bohai, and parts of Jiangsu — and its currency circulated in direct competition with Nationalist-issued notes, Manchukuo currency, and the remnants of Japanese military scrip still washing around the region.
The P#S3611 sits within a crowded field of Pei Hai issues from this period, many of which were printed under difficult conditions with limited standardization between regional branches. Distinguishing genuine branch-of-issue from later counterfeits remains a real challenge, as Communist base-area notes were heavily forged at the time by both Nationalist and Japanese-backed agents.