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25 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1945 |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Letterpress print in red with a blue seal, serial number, and block letters overlaid. A vignette at left depicts rice planting in the fields, evoking the agrarian character of the Shantung Border Area. The face bears the issuing bank name and denomination in Chinese characters. |
|---|---|
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| Reverse lettering | BONAI HWANG SHANTUNG LERIE |
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| Comments |
The Bank of Pei Hai (北海银行) was the currency-issuing arm of the Shandong-Jiangsu base area under Communist Party administration, established in 1938. By 1945, it was one of several regional "border area" banks printing their own currency in direct competition with both Japanese military scrip and Nationalist legal tender — a deliberate economic strategy to undermine occupying and rival currencies simultaneously.
Wartime printing conditions in guerrilla-held territory were crude at best. Paper quality, ink consistency, and registration varied considerably across print runs, and forgeries circulated alongside genuine notes even within liberated zones.