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50 Yuan Bank of Pei Hai

Uitgever Bank of Pei Hai
Jaar 1945
Type Local banknote
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Opschrift voorzijde 北海銀行 伍拾圓 山東 中民國三十四年
Beschrijving keerzijde Printed in brown. Central vignette shows a classical Chinese pavilion complex with a multi-storey pagoda at left, set against a mountainous landscape. To the right, a large stylized numeral 50 is set within a floral guilloche rosette. The denomination numeral 50 also appears in each corner. The year 1945 is inscribed at lower right, accompanied by a signature line.
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Opmerkingen

The Bank of Pei Hai (北海银行) was established in 1938 as the financial institution of the Shandong-based Communist guerrilla administration, operating in territory that shifted constantly between Japanese occupation and CCP control. By 1945, it had absorbed several smaller regional banks and was issuing currency across the Bohai coastal zone and parts of Hebei and Shandong — areas where Japanese, Nationalist, and Communist currencies competed simultaneously, often at gunpoint.

Notes of this period from Pei Hai are frequently encountered with heavy use, ink transfer, and fold damage. Wartime paper quality was inconsistent, and high-denomination issues like this one circulated hard in military logistics and grain procurement.

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