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2000 Yuan Pei Hai Bank
| Issuer | Pei Hai Bank |
|---|---|
| Year | 1948 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 北海銀行 貳仟圓 圓仟貳 中華民國三十七年印 2000 (Translation: Pei Hai Bank Two Thousand Yuan Printed in the 37th year of the Republic of China 2000) |
| Reverse description | The reverse is printed in brown on an uncoloured ground and composed entirely of an intricate guilloche pattern filling the full field. A large numeral 2000 occupies a central cloud-shaped cartouche surrounded by dense lacework guilloche, with smaller rosette cartouches at left and right each carrying the repeated numeral 2000. The year 1948 in Western numerals is inscribed along the lower centre within the guilloche border. |
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| Comments |
The Pei Hai Bank was established in 1938 in the Shandong-Chahar-Hebei border region under Communist Party control, making it one of the longer-lived of the wartime regional banks. By 1948 it was issuing high-denomination notes like this 2000 Yuan as inflation across all of China — Nationalist and Communist zones alike — had rendered smaller values effectively useless for daily transactions.
The "L" suffix in the Pick reference denotes a specific signature or regional variant within what is otherwise a crowded series. Pei Hai Bank notes were absorbed into the unified People's Bank of China system later in 1948, giving this issue a very narrow window of official validity.