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500 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S3622E |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 北海銀行 伍佰圓 山東 伍佰 中華民國三十七年印 |
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| Reverse lettering | 500 1948 |
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| Comments |
The Bank of Pei Hai was a Communist-controlled regional bank operating in the Shandong-Bohai base area, issuing currency in direct competition with Nationalist Kuomintang notes during the civil war period. By 1948, the People's Bank of China was being consolidated, and Pei Hai notes were among the regional issues formally absorbed and demonetized as the new unified renminbi system took hold — making late-dated high-denomination Pei Hai notes transitional instruments with a very short effective lifespan.
Wartime paper stock and printing conditions in Communist-held areas were inconsistent, and the S-prefix Pick classification signals this as a specialized regional issue rather than a central emission.