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500 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 lettering | 東北銀行 伍百圓 流通券 地方 中華民國三十六年印 |
| Reverse description | Central vignette of a multi-storey European-style institutional building set within an ornate red guilloche frame, with the numeral 500 repeated in each corner. The legend TUNG PEI BANK OF CHINA is inscribed across the top, with FIVE HUNDRED YUAN centred below the vignette and the year date 1947 at the lower centre. The overall design is rendered in a single red-orange colour with scalloped border ornamentation. |
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| Comments |
The Tung Pei Bank of China was a regional Communist-controlled institution operating in Manchuria during the civil war period, issuing currency in direct competition with Nationalist Kuomintang money circulating in the same territory. By 1947 the military situation in the northeast was shifting decisively toward the PLA, and the bank's high-denomination notes — this 500 Yuan among them — were partly a practical response to accelerating inflation and partly an instrument of economic consolidation in areas falling under CCP control.
The bank was eventually absorbed into the People's Bank of China following the Communist victory, and its notes were demonetized. Surviving examples largely come from hoards rather than worn circulation.