Catalog
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| Issuer | Tung Pei Bank of China |
|---|---|
| Year | 1948 |
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| Currency | Yuan (1948-1948) |
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| Obverse description | Central vignette within an oval frame presents a soldier and a farmer standing side by side, rendered in a woodcut-style illustration against a plain background. The bank name 東北銀行 (Tung Pei Bank) appears in Chinese characters across the top, with the denomination 貳佰伍拾圓 (Two Hundred Fifty Yuan) in large vertical Chinese characters to the right. Serial number prefix NO. ZF and the legend 流通券 (Circulating Note) appear along the left margin, with date inscription 中華民國三十七年 at the lower centre. |
|---|---|
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| Reverse description | The reverse is printed in red-orange on white paper, with a central vignette of a multi-storey institutional building set within an elaborate guilloche border and scrollwork frame. The English legend TUNG PEI BANK OF CHINA arches across the top, with the denomination numerals 250 flanking the central vignette on both sides, and the inscription TWO HUNDRED FIFTY YUAN centred below the building. The year 1948 appears at the lower centre within the decorative underprint. |
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| Comments |
The Tung Pei Bank of China was the primary currency authority for Manchuria under Chinese Communist administration, established in 1945 after Soviet forces expelled the Japanese. Its notes circulated in a region being actively contested between Nationalist and Communist forces throughout the civil war, and the 250 Yuan denomination sits in a series that used unconventional face values — a deliberate practical response to severe inflation rather than any standardized monetary planning.
By 1948, Communist forces under Lin Biao had effectively consolidated control of the Northeast, and Tung Pei currency was being absorbed into the nascent People's Bank system. Notes from this late period had short active lives.