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5000 Yuan Tung Pei Bank of China, purple
| Issuer | Tung Pei Bank of China |
|---|---|
| Year | 1948 |
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| Shape | Rectangular |
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| Obverse lettering | 東北銀行 伍仟圓 流通券 地方 中華民國三十七年 5000 |
| Reverse description | The reverse is uniformly printed in brown, with the bank name TUNG PEI BANK OF CHINA inscribed in English along the top. The central field carries a large numeral 5000 overprint in a contrasting style, flanked on both sides by ornate guilloche rosettes with denomination numerals 5000 in the corners. The English legend FIVE THOUSAND YUAN is printed across the lower central area, with the year 1948 below it, all framed within a decorative guilloche border. |
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| Comments |
The Tung Pei Bank of China was established in 1946 under the Chinese Communist Party's Northeast Bureau to serve the liberated zones of Manchuria — territories wrested from Kuomintang control and, before that, from Japanese occupation. By 1948, when this note was issued, the Communist forces had effectively consolidated the Northeast, and the bank's currency was functioning as the dominant medium in the region ahead of the formal establishment of the People's Bank of China in December of that year.
The S-prefix Pick reference signals a regional or provisional classification — this note circulated in a war economy, not a stable one, and high denominations like 5000 Yuan reflect the inflationary pressure that had been running through Chinese currency since the mid-1940s.