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100 Yuan Tung Pei Bank of China, green
| Issuer | Tung Pei Bank of China |
|---|---|
| Year | 1947 |
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| Currency | Yuan (1912-1949) |
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| Obverse description | Central vignette shows a rural agricultural scene with horses pulling a plow, rendered in letterpress in red-pink tones. Chinese characters reading 壹百圓 (One Hundred Yuan) appear to the right of the vignette within an ornate guilloche frame, flanked by corner denominational numerals 壹百. The bank name 東北銀行 (Tung Pei Bank of China) runs along the top, with the notation 流通券 (circulating note) at left and the Republic of China year inscription along the lower margin. |
|---|---|
| Obverse lettering | 東北銀行 壹百圓 流通券 地方 中華民國三十六年印 NO.WO |
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| Comments |
The Tung Pei Bank of China was established in 1945 to serve the Manchurian provinces after Soviet and Chinese Communist forces moved into the region following Japan's defeat. It operated under direct CCP sponsorship, making its notes among the earliest paper currency issued by Communist-controlled financial institutions in China — predating the People's Bank of China by over two years. The 1947 date places this note squarely in the civil war period, when Manchuria was a primary theater of conflict between Nationalist and Communist forces.
Inflation in the northeast was severe enough that denominations climbed rapidly through the late 1940s, which is why 100 Yuan notes from this issuer are not particularly high-value within the series itself.