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2 Chiao / 20 Cents Bank of Shangtong; purple
| Issuer | Bank of Shangtong |
|---|---|
| Year | 27 (1938) |
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| Value | 2 Chiao (0.2) |
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|---|---|
| Obverse lettering | 貳 - 貳 号銀黨上 用通律弌 - 項款私公 角貳 印年七十二國民華中 角 - 角 (Translation: 2 Chiao - 2 Chiao Bank of Shangtong Public and Private funds - Legally binding 2 Chiao Printed in Year 27 of the Republic of China) |
| Reverse description | Blue-green letterpress print on cream paper. The central guilloche vignette bears a large "20 CENTS" numeral within an ornate lathe-work rosette, flanked by "20" numerals at each side. The bank title arches across the top border, with "TWENTY CENTS" along the lower margin. |
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| Comments |
The Bank of Shangtong was a regional bank established under the Japanese-sponsored Provisional Government of the Republic of China, which controlled much of northern China following the 1937 occupation of Beijing and Tianjin. Notes issued under this authority circulated in parallel with — and were designed to displace — the Nationalist fabi currency, part of a deliberate Japanese monetary strategy to destabilize Chiang Kai-shek's financial base in occupied territories.
The "27" date follows the Republic of China calendar reckoning from 1912, an unusual choice for a collaborationist institution, though one that eased public acceptance.