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50 Yuan Bank of Pei Hai

Uitgever Bank of Pei Hai (北海银行)
Jaar 1947
Type Local banknote
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Beschrijving voorzijde 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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Beschrijving keerzijde Printed in brown ink, the reverse is divided into two main panels: the left panel contains a large lathe-work guilloche circle with the bold numeral 50 at centre, while the right panel presents a vignette of a traditional Chinese gazebo set beside water amid trees. The English inscription BANK OF BAI HAI runs across the top, with the denomination numeral 50 repeated in each corner and the date 1947 along the lower border.
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Opmerkingen

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.

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