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20 Coppers Bank of Shansi, Chahar, and Hopei

Issuer Bank of Shansi, Chahar & Hopei
Year 1939
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Composition Paper
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Obverse lettering 晉察冀邊區銀行
貳拾枚
中華民國二十八年印
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Reverse lettering BANK OF SHANSI CHAHAR & HOPEI
局子矢
抗恕寅
LOCAL CURRENCY
1939
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Comments

The Bank of Shansi, Chahar and Hopei was established in 1937 under Japanese occupation authorities to provide a monetary instrument for the Provisional Government of the Republic of China — a collaborationist administration installed in Peiping following the Japanese seizure of northern China. Its notes were designed to displace Nationalist-issued currency and the old Hopei Provincial Bank issues that had circulated in the region.

The copper-denomination notes of 1939 were aimed specifically at small retail transactions, filling the fractional gap left by the near-disappearance of actual copper coinage from circulation after years of wartime metal hoarding and requisitioning.

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