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200 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1945 |
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| Currency | Yuan (1912-1949) |
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| Obverse description | Blue letterpress print on a cream ground. The centre is occupied by a large ornamental cartouche bearing the Chinese denomination 貳百圓 (Two Hundred Yuan), flanked by two circular guilloche medallions each inscribed 貳百. The bank title 北海銀行 appears across the top, with the regional designation 山東 at either side margin. A serial number in red and a prefix letter block in red are printed at the upper portion, and two red seal impressions flank the lower cartouche. The lower border carries a Chinese imprint line reading 中華民國三十四年印. |
|---|---|
| Obverse lettering | 北海銀行 貳百圓 山東 貳百 中華民國三十四年印 |
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| Comments |
The Bank of Pei Hai was a Communist Party-controlled regional bank operating in the Shandong-Bohai base area, and its notes were essentially instruments of wartime economic administration rather than orthodox banking. By 1945, the bank was issuing high denominations to cope with inflation driven by Japanese military scrip flooding the occupied zones — a deliberate destabilization tactic that forced base-area authorities to continually push their own ceiling values upward.
Pei Hai notes were accepted under a degree of political compulsion within liberated territory, and post-1949 redemption was uneven. Survivors in any grade are genuinely uncommon.