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50 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 50 Yuan |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 北海銀行 伍拾圓 山東 中華民國三十三年 |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF BAI HAI FIFTY YUAN SHAN DUNG 1944 |
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| Comments |
The Bank of Pei Hai (北海银行) was the Communist Party's regional bank for the Shandong-Bohai base area, operating in direct competition with both Japanese military scrip and Nationalist currency. Its notes were instruments of economic warfare as much as practical tender — designed to displace rival currencies within liberated zones and fund guerrilla operations. By 1944 the bank was producing notes in volume despite severe wartime supply constraints, and paper quality varies dramatically across the issue run as a result.
The "b" suffix in the Pick listing denotes a signature or plate variant. Distinguishing S3570a from S3570b in worn condition requires close attention to the control details.