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100 Yuan Bank of Shansi, Chahar, & Hopei

Issuer Bank of Shansi, Chahar & Hopei
Year 1945
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Currency Yuan (1935-1946)
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Obverse description Brown-orange print on yellow underprint. The central vignette portrays a rural agricultural scene with figures planting rice at lower centre-right, set against a landscape with trees. Floral rosette corner ornaments frame the design, with the bank name in Chinese characters across the upper portion, serial number in two positions, and the denomination 壹百圓 (One Hundred Yuan) in a decorative cartouche at left centre. The date 中民國三十四年 (Republic of China Year 34) appears along the lower margin.
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Reverse lettering BANK OF SHANSI CHAHAR & HOPEI
ONE HUNDRED YUAN
1945
100

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The Bank of Shansi, Chahar & Hopei was a communist-controlled regional bank operating under the Jin-Cha-Ji Border Region government — one of several guerrilla base area administrations that issued their own currency during the Second Sino-Japanese War and the concurrent civil war against the Nationalists. Notes like this 1945 issue circulated in a zone that had been contested, occupied, and partially liberated over the preceding eight years, and the currency was as much a political instrument as an economic one: establishing and enforcing a monetary boundary against both Japanese military scrip and Nationalist fabi.

By 1945, Japanese control in much of Hebei and Chahar was collapsing, and border region currencies were aggressively expanded to fill the vacuum. High-denomination notes from this period tend to reflect inflationary pressures rather than genuine purchasing parity.

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