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500 Yuan Bank of Chinan
| Issuer | Bank of Chinan |
|---|---|
| Year | 1946 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 冀南銀行 伍百 |
| Reverse description | Printed in olive-brown on a fine guilloche background, with 'BANK OF CHINAN' in a curved banner at upper centre and 'FIVE HUNDRED YUAN' in a cartouche below the central numeral. The denomination '500' appears in large numerals at centre, repeated within ornate frames at left and right. Two manuscript signatures are positioned above the date '1946' at the foot of the note. |
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| Comments |
The Bank of Chinan (Qi Lu Yinhang) was a communist-controlled regional bank operating in the Shandong-Jiangsu border area during the civil war period. Its notes circulated in liberated zones under CCP administration, functioning as a parallel monetary system to the Nationalist-issued currency — acceptance was enforced by local political committees rather than market confidence.
High-denomination issues from 1946 reflect acute inflationary pressure in the region, driven partly by wartime disruption and partly by deliberate Nationalist efforts to destabilize communist-zone economies through currency flooding. The Bank of Chinan was eventually absorbed into the People's Bank of China structure after 1948.