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| Issuer | Bank of West Shantung (魯西銀行) |
|---|---|
| Year | 32 (1943) |
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| Value | Log in to see details |
| Currency | Yuan (1935-1946) |
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| Obverse description | Log in to see details |
|---|---|
| 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) |
| Reverse description | Log in to see details |
| 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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| Comments |
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.