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2000 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1948 |
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| Composition | Paper |
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|---|---|
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| Reverse description | Red letterpress print with an elaborate guilloche border frame. The numeral 2000 is set boldly at centre within an ornate rosette underprint, with repeated numerals 2000 in each corner panel and flanking vignettes of a steam locomotive at left and right. The year 1948 is inscribed at the lower centre. |
| Reverse lettering | 2000 1948 |
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| Comments |
The Bank of Pei Hai (Beihai Bank) was established in 1938 in the Shandong base areas under Communist Party control, making it one of the longer-lived regional wartime banks of the civil conflict period. By 1948, the consolidation of Communist-controlled currency zones was already underway — the People's Bank of China was founded in December of that year, and Beihai Bank notes were gradually withdrawn and converted into the new renminbi at fixed rates.
The "S" prefix in the Pick reference signals regional or provisional status, though by this late date the bank's notes were functioning as the de facto currency across substantial liberated territory in northern China. High-denomination issues like this 2000 Yuan reflect the inflationary pressure that plagued all Chinese currencies in the final years of the civil war.