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50 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1944 |
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| Shape | Rectangular |
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| Obverse description | Violet letterpress print on plain paper. A vignette at right centre depicts a farmer in the act of winnowing grain, rendered in a woodcut-style illustration. The bank title 北海銀行 (Bank of Pei Hai) appears in large Chinese characters across the upper portion, flanked by the denomination 拾圓 (10 Yuan) repeated in corner cartouches, with a guilloche underprint medallion at left centre and the inscription 中華民國三十三年印 (Printed in the 33rd year of the Republic of China) along the lower margin. |
|---|---|
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| Reverse lettering | BANK OF PAI HAI 50 |
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| Comments |
The Bank of Pei Hai (北海银行) was a Communist Party-controlled regional bank operating in the Shandong-Bohai base area during the Second Sino-Japanese War. Its notes circulated in guerrilla-held territory where Nationalist currency, Japanese military yen, and various puppet-bank issues all competed for acceptance — often by force. Maintaining public confidence in paper money under those conditions was a genuine operational problem, not merely an economic one.
The 1944 series was printed under wartime constraints with limited equipment, and press registration inconsistencies are common across the issue. S3569b distinguishes this variant from related types within the series.