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500 Yuan Bank of Shansi, Chahar, & Hopei

Issuer Bank of Shansi, Chahar & Hopei
Year 1944
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Currency Yuan (1935-1946)
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Reverse description Olive-gold print with a central oval guilloche vignette containing a standing ox. The bank name BANK OF SHANSI CHAHAE & HOPEI arches at top, with denomination numerals 500 at left and right, and the legend FIVE HUNDRED YUAN 1944 at foot. Two manuscript signatures appear across the lower centre.
Reverse lettering BANK OF SHANSI CHAHAE & HOPEI
FIVE HUNDRED YUAN
1944
500
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The Bank of Shansi, Chahar & Hopei — known in Chinese as 晋察冀银行 (Jìn-Chá-Jì Yínháng) — was the official currency authority of the Jin-Cha-Ji Border Region, one of the main Communist-controlled base areas behind Japanese lines in North China. Notes issued here were wartime instruments, printed under difficult conditions in mobile or semi-clandestine facilities as the border region was under constant military pressure. By 1944, the border region's economy was managing both anti-Japanese resistance and internal inflation simultaneously.

High-denomination issues like this 500 Yuan piece reflect the inflationary pressure bearing down on border region currencies in the later war years.

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