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50 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1947 |
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| Shape | Rectangular |
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| Obverse description | Printed in red-orange ink, the obverse carries a central vignette of the Shanghai waterfront with a row of European-style buildings reflected along the riverside. To the left, a circular guilloche rosette frames the Chinese denomination characters 伍拾圓, flanked by two rectangular seal impressions at the lower centre. The bank name 北海銀行 is inscribed across the top, with the regional designation 山東 at left and alphanumeric serial number at upper right. |
|---|---|
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| Reverse lettering | BANK OF BAI HAI 50 1947 |
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| Comments |
The Bank of Pei Hai was established in 1938 as the financial arm of the Shandong-Jiangsu border region government — one of several Communist-controlled regional banks operating behind Japanese lines. By 1947, the civil war against Nationalist forces was intensifying, and the bank's notes functioned as both currency and a practical demonstration of CCP administrative control over liberated territories. Inflation was a persistent problem across all Chinese currency zones in this period, driving denominations steadily upward.
In 1948, Pei Hai Bank was absorbed into the newly established People's Bank of China, making its 1947 issues among the last produced before consolidation ended the regional banking system entirely.