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This picture shows a ten-sen banknote, in use during the 1914–1922 Japanese occupation of Tsingtao (Qingdao), China, as part of the Asian and Pacific theatre of World War I. Issued by the Bank of Japan, the currency was based on the silver standard. This banknote, dated 1914, is in the National Numismatic Collection of the Smithsonian Institution's National Museum of American History.
Before the outbreak of World War I, German naval ships were located in the Pacific; Tsingtao developed into a major seaport while the surrounding Kiautschou Bay area was leased to Germany since 1898. During the war, Japanese and British Allied troops besieged the port in 1914 before capturing it from the German and Austro-Hungarian Central Powers, occupying the city and the surrounding region. It served as a base for the exploitation of the natural resources of Shandong province and northern China, and a "New City District" was established to furnish the Japanese colonists with commercial sections and living quarters. Tsingtao eventually reverted to Chinese rule by 1922.Banknote design credit: Bank of Japan; photographed by Andrew Shiva