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500 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1948 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Printed in red-brown on a plain ground, the note carries a central vignette of a mountain temple or hilltop fortification, flanked on either side by the denomination 伍百圓 in large Chinese characters. The bank title 北海銀行 appears in a panel across the top, with decorative corner rosettes and dragon-like ornamental devices framing the composition. The lower border carries the date inscription 中華民國三十七年印 along with additional Chinese legend. |
|---|---|
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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, and by 1948 it was issuing notes in increasingly large denominations to keep pace with the inflationary chaos of the final phase of the Chinese Civil War. This 500 Yuan note arrived just ahead of the bank's absorption into the newly established People's Bank of China, which was founded in December 1948 and quickly consolidated the patchwork of Communist regional currencies into a single renminbi system.
Pei Hai notes from this late period were short-lived by design — conversion campaigns moved quickly, and most were withdrawn and pulped within months of the PRC's establishment.