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50 Yuan Bank of Pei Hai
| Issuer | Pei Hai Bank |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 50 Yuan |
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| Obverse description | Brown letterpress print on plain paper. The central vignette portrays a rural agricultural scene with a farmer plowing a field using a water buffalo, set against a backdrop of trees and hillside. The bank name 北海銀行 (Pei Hai Bank) appears at upper center in Chinese characters, with the denomination 伍拾圓 (Fifty Yuan) inscribed in a circular panel at right; the regional designation 山東 (Shandong) is printed at the far right margin, and two red official seals are affixed at lower center. |
|---|---|
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| Reverse lettering | PEI HAI BANK FIFTY YUAN 50 1945 |
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| Comments |
The Pei Hai Bank was the financial arm of the Shandong-Bohai communist base area, one of the more durable guerrilla administrative zones the CCP maintained behind Japanese lines. By 1945 it had been issuing its own currency for several years, deliberately keeping multiple denominations in circulation to manage a war economy running on agricultural tax, salt revenue, and captured goods.
Notes from this bank are routinely misattributed to postwar Communist issues. The 1945 date places this squarely in the final year of Japanese occupation, not the Civil War period.