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50 000 Cash Bank of Pei Hai
| Issuer | Pei Hai Bank (北海銀行) |
|---|---|
| Year | 1944 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Red letterpress print. Central vignette portrays an ox-drawn cart traversing a rural landscape with haystacks and open fields. "PEIHAI BANK" is inscribed in a banner at top, "TEN YUAN" along the lower border, date "1944" in a small rectangular tablet at foot, and the numeral 10 in ornate medallions at each corner. |
| Reverse lettering | PEIHAI BANK TEN YUAN 1944 |
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| Comments |
The Pei Hai Bank was the currency-issuing arm of the Shandong-Jiangsu base area under Communist Party control during the Second Sino-Japanese War. Its notes circulated in guerrilla-held territory where Nationalist currency, Japanese military yen, and Federal Reserve Bank notes issued by the Wang Jingwei puppet regime were all simultaneously in use — monetary competition backed, in varying degrees, by force.
The 50,000 cash denomination signals severe wartime inflation in the base areas. The "Cash Bank of Pei Hai" rendering is the romanization used on the note itself, reflecting the bank's own transliteration conventions rather than any standardized system.