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50 Yuan Bank of Shansi, Chahar, & Hopei
| Issuer | Bank of Shansi, Chahar & Hopei |
|---|---|
| Year | 1945 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | 晉察冀邊區銀行 伍拾圓 |
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| Reverse lettering | BANK OF SHENSI CHAHAR & HOPEI FIFTY YUAN LOCAL CURRENCY 1945 |
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| Comments |
The Bank of Shansi, Chahar & Hopei — known in Chinese as the Jin-Cha-Ji Bank — was the financial arm of the Jin-Cha-Ji Border Region, one of the Communist-controlled base areas behind Japanese lines in northern China. Notes issued here from 1938 onward circulated in territory that was simultaneously occupied by Japanese forces and administered by Communist guerrilla government, a genuinely unusual monetary situation with no equivalent elsewhere in the war.
By 1945, hyperinflationary pressure from competing currencies — Japanese military yen, puppet bank notes, and Nationalist fabi — had driven denominations upward rapidly. This 50 Yuan issue belongs to that late-war inflationary surge. The border region banks were absorbed into the People's Bank of China at its founding in 1948.