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100 Yuan Tung Pei Bank of China, brown

Issuer Tung Pei Bank of China
Year 1947
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Value 100 Yuan
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Obverse description The obverse is printed in rose-brown and carries at upper centre the bank name 東北銀行 (Tung Pei Bank) with the serial number prefixed 'NO. GU' at left and numerals at right. At left, a rectangular vignette depicts a farmer ploughing with a team of horses. The denomination 壹百圓 (One Hundred Yuan) appears in an ornate cartouche at centre right, with the inscription 流通券 (Circulating Note) at left margin and 地方 (Local) at right margin; the date inscription 中華民國三十六年印 appears along the lower border.
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Reverse lettering TUNG PEI BANK OF CHINA ONE HUNDRED YUAN 100 1947
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Comments

The Tung Pei Bank of China — "Tung Pei" meaning Manchuria — was a regional Communist institution operating in the northeast during the final phase of the civil war against the Nationalists. This 100 Yuan note dates to 1947, when the Communists were consolidating control over Manchuria after Soviet forces withdrew and left behind substantial quantities of captured Japanese materiel and printing equipment. The bank issued currency to supply and pay troops as much as to serve any conventional commercial function.

Notes from this issuer circulated in a war zone and survivors in decent condition are genuinely uncommon.

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