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50 000 Yuan Tung Pei Bank of China

Issuer Tung Pei Bank of China (東北銀行)
Year 1948
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Currency Yuan (1948-1948)
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Reverse description The reverse is printed in a warm ochre-brown tone, with a central vignette of a large neoclassical bank building rendered in fine intaglio-style engraving. The bank name 東北銀行 is inscribed in a cartouche at the top centre, and the numeral 50000 appears at the bottom centre and in each upper corner. The note is framed by an ornate scrollwork border with 伍萬圓 repeated in panels to the left and right of the central building vignette.
Reverse lettering 東北銀行
伍萬圓
50000
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The Tung Pei Bank of China — the Northeast Bank — was the financial arm of the Chinese Communist Party's operations in Manchuria, established in 1945 after Soviet forces expelled the Japanese. By 1948, hyperinflation in Nationalist-controlled zones had driven denominations to absurd heights, and the Communists were printing high-value notes partly to compete with and undermine KMT currency credibility in the contested northeast.

This 50,000 Yuan issue appeared in the final year before the People's Bank of China absorbed all such regional institutions. The Tung Pei Bank was formally dissolved in late 1948 as Communist monetary consolidation replaced the patchwork of regional revolutionary banks with a unified currency — the Renminbi.

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