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500 Yuan Tung Pei Bank of China

Issuer Tung Pei Bank of China
Year 1950
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Value 500 Yuan
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Obverse description Central vignette to the right depicts a tractor ploughing a field under an open sky, rendered in fine intaglio line work. Large Chinese characters 伍佰圓 (Five Hundred Yuan) appear in the centre-left within an ornate guilloche medallion, flanked by vertical denomination panels reading 伍佰 at each side. The bank name 東北銀行 is inscribed at the top, with prefix letters and serial number in red, and two red seal impressions appear below the central text; the date inscription 民国三十九年印 (printed year 1950) runs along the lower margin.
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Reverse lettering TUNG PEI BANK OF CHINA
500
FIVE HUNDRED YUAN
1950
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The Tung Pei Bank of China — Northeast China Bank — was a regional Communist authority issuer operating in Manchuria before the People's Bank of China fully consolidated currency across the mainland. Its notes circulated in a zone that had already passed through Japanese military scrip, Manchukuo currency, and Soviet-backed issues in rapid succession, which made the local population exceptionally pragmatic about paper money.

By 1950 the Renminbi unification program was absorbing regional issues like this one. Notes from Tung Pei were exchanged at fixed conversion rates set by the new central authority, meaning most entered redemption channels quickly and were destroyed. High-denomination survivors from this issuer are correspondingly thin on the ground.

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