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500 Yuan Tung Pei Bank of China
| Issuer | Tung Pei Bank of China |
|---|---|
| Year | 1947 |
| Type | Log in to see details |
| Value | 500 Yuan |
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| Obverse description | Central vignette of a portrait of Mao Zedong (Mao Tse-Tung) within an oval frame, flanked by large Chinese characters reading 伍百圓 (Five Hundred Yuan) on both sides. The upper border carries the bank name 東北銀行 in Chinese, with guilloche underprint in orange and grey tones throughout. Red seal impressions appear at the lower centre, and block text designates the note as a local circulation issue (流通券) at left. |
|---|---|
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| Reverse lettering | TUNG PEI BANK OF CHINA FIVE HUNDRED YUAN 500 1947 |
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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.