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50 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海銀行) |
|---|---|
| Year | 1945 |
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| Value | Log in to see details |
| Currency | Yuan (1912-1949) |
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| Obverse description | Blue letterpress print on a light ground with an intricate guilloche border. The central vignette presents a rural scene of figures winnowing rice, framed by ornate scrollwork cartouches. The bank name 北海銀行 appears at top centre, the denomination 伍拾圓 is displayed in large characters flanking the vignette, and serial number appears twice in the upper field alongside the regional overprint 膠東. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | BOXAI INXANG FIFTY YUAN 50 GIAO DUNG 1945 |
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| Comments |
The Bank of Pei Hai was a Communist-administered regional bank operating in the Shandong-Jiaodong border base area, and its notes circulated in direct competition with both Japanese military scrip and Nationalist currency during the final years of the war. The 1945 issues were part of a deliberate economic strategy — flooding liberated zones with stable local currency to displace occupation money and undermine Nationalist financial authority simultaneously.
Pei Hai notes from this period are notoriously variable in print quality, reflecting decentralized production under wartime conditions. The S-prefix in the Pick reference places it among regional Chinese issues, and survivors tend to show hard use.