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200 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1944 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Printed in blue, the reverse is dominated by a large central guilloche medallion enclosing the numeral 200 in bold figures, surrounded by intricate lathe-work underprint patterns. The English inscription BANK OF PAI HAI runs along the top border, with the denomination 200 repeated in each corner. The regional name SHAN DUNG and the year 1944 appear at the base of the central vignette. |
| Reverse lettering | BANK OF PAI HAI 200 SHAN DUNG 1944 |
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| Comments |
The Bank of Pei Hai (北海銀行) was the financial arm of the Shandong-Jiangsu border region administration, one of several Communist-controlled base areas that issued their own currencies during the Second Sino-Japanese War. These regional bank notes were instruments of economic warfare as much as monetary tools — designed to displace Japanese puppet currency and Nationalist-issued notes within contested territory.
By 1944 the Pei Hai base area was under sustained military pressure, and the rapid inflation of that period drove denominations upward fast. The 200 Yuan value reflects that trajectory.