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1000 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 1000 Yuan |
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| Obverse description | Printed in blue and green, the obverse carries a central vignette of a monument with a figure atop a tall column set against a backdrop of modern multi-storey city buildings at right, with a hillside visible to the left. The bank name 北海銀行 (Bank of Pei Hai) is inscribed across the top, with the denomination 壹仟圓 within a guilloche underprint at centre. The province designation 山東 appears at lower left, and the date 中華民國三十七年 is printed along the lower margin flanked by two red seal stamps. |
|---|---|
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| Reverse lettering | 1000 1948 |
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| Comments |
The Bank of Pei Hai (北海銀行) was the Communist Party's financial institution for the Bohai region, established in 1938 during the anti-Japanese resistance period. By 1948, the bank was actively consolidating its currency ahead of the founding of the People's Bank of China in December of that year, which absorbed Pei Hai notes and set exchange rates to retire them from circulation. This 1000 Yuan denomination belongs to the inflationary high-value issues of that final operational year.
The S-prefix in the Pick reference flags it as a regional or provisional issue — a classification that understates how institutionally serious the Pei Hai Bank actually was within Communist-controlled territory.