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50 Yuan Tung Pei Bank of China

Issuer Tung Pei Bank of China
Year 1947
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Currency Yuan (1914-1949)
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Obverse description Central vignette of a soldier and a farmer standing together, rendered in an intaglio-style oval frame. Chinese characters reading 東北銀行 (Tung Pei Bank) appear across the top, with the denomination 伍拾圓 (Fifty Yuan) to the right. The serial number prefix NO.HD and date inscription 中華民國三十六年印 appear on the note, with 流通券 (circulating note) at left.
Obverse lettering 東北銀行 伍拾圓 流通券 NO.HD 中華民國三十六年印 地方
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The Tung Pei Bank of China was established by the Chinese Communists in Manchuria in 1945, immediately following the Soviet occupation that displaced Japanese administrative control of the region. It functioned as a regional financial instrument of the People's Liberation Army's Northeast Bureau, issuing currency to fund military operations and civilian administration simultaneously — a dual purpose that makes the 1947 series particularly significant within Communist wartime finance.

By 1948, the Tung Pei currency was absorbed into the unified Renminbi system when the People's Bank of China was formally established. Notes from this bank had a short operational window.

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