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2 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1945 |
| Type | Local banknote |
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| Obverse description | Printed in red on plain paper. A circular vignette at left encloses a pavilion or shrine set against a hillside landscape. To the right, the large Chinese character 貳圓 (two yuan) is rendered in bold script within a decorative rosette border. The bank title 北海銀行 (Bank of Pei Hai) runs across the upper portion, flanked by serial numbers on both sides, with the regional inscription 山東 (Shandong) at each lateral margin and the date inscription 中民國三十四年 (Republic of China Year 34) along the lower edge. |
|---|---|
| Obverse lettering | 北海銀行 貳圓 山東 中民國三十四年 |
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The Bank of Pei Hai was a communist-administered financial institution operating in the Shandong-Bohai border region, issuing currency under the authority of the Eighth Route Army's political infrastructure during the Second Sino-Japanese War and into the civil war period. Its notes circulated in liberated zones where Nationalist currency and Japanese puppet money were actively suppressed — acceptance was, in practical terms, compulsory within those territories.
S3578A is a scarce variant within the Pei Hai series. Notes from this institution have complicated survival histories: many were withdrawn and pulped following currency consolidation when the People's Bank of China was established in 1948–49.