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100 Yuan Pei Hai Bank
| Issuer | Pei Hai Bank |
|---|---|
| Year | 32 (1943) |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Yes |
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| Obverse description | Green letterpress print. Chinese text reads right to left, with the bank name and denomination in vertical columns. A vignette of trees along a mountainous slope appears at right, with square seal-script overprints at the corners. |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | 100 - 100 ONE HUNDRED YUAN 100 - 100 - 100 New democracy! Free ching! PEI HAI BANK 1943 100 - 100 |
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| Comments |
The Pei Hai Bank (North Sea Bank) was established in 1938 in the Shandong-Jiangsu border region under Communist Party of China control, making it one of the earliest CCP-administered financial institutions to issue its own currency. By 1943, the bank was printing notes across multiple liberated base areas, each with slightly different printing arrangements depending on which facilities were accessible — Japanese military pressure meant presses moved, and series sometimes overlapped or were issued from geographically separated locations without centralized coordination.
The Republican year 32 dating places this note firmly in the middle of wartime base-area finance, when maintaining a stable local currency was as much a political act as an economic one. Counterfeiting by Japanese-backed forces was a documented problem throughout the Shandong base areas during this period.