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100 Yuan Bank of West Shantung

Issuer Bank of West Shantung (魯西銀行)
Year 32 (1943)
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Currency Yuan (1935-1946)
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Obverse lettering 100 - 100
行銀西魯
圓百壹
印年二十三國民華中
100 - 100
(Translation: Bank of West Shantung
100 Yuan
Printed in Year 32 of the Republic of China)
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Reverse lettering 100 - 100
BANK OF WEST SHANTUNG
圓百壹 - 100 - 圓百壹
ONE HUNDRED YUAN
1943
100 - 100
(Translation: 100 Yuan - 100 Yuan)
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The Bank of West Shantung was a puppet institution established under the Japanese-backed North China Political Council to manage currency in the occupied Shandong interior. Notes like this 100 Yuan issue displaced the existing Nationalist fabi in circulation, a deliberate policy of monetary destabilization that also funded Japanese military logistics through inflated local procurement.

By 1943, inflation across occupied North China was severe enough that high-denomination issues were practical necessities rather than prestige notes. Many surviving examples show heavy use, consistent with rapid turnover in a depreciating currency.

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