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1 Yen
| Issuer | Bank of Chosen |
|---|---|
| Year | 1932 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in dark olive-green and orange tones on cream paper, with an elaborate guilloche border framing the entire design. At right, an intaglio vignette portrays an elderly bearded man wearing a traditional black hat, rendered in fine engraved lines. The centre carries the denomination in large Chinese characters within an ornate cartouche, flanked by vertical columns of Japanese text, while a red seal impression appears at lower left alongside the bank name in Chinese characters. |
|---|---|
| Obverse lettering | 朝鮮銀行 壹圓 朝鮮銀行券 此券引換に日本銀行券壹圓相渡可申候 朝鮮銀行 壹圓 |
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| Comments |
The Bank of Chosen was Japan's colonial central bank for Korea, established in 1909 and granted note-issuing authority that effectively displaced any independent Korean monetary infrastructure. This 1932 1 Yen note (P#29) belongs to a long-running series whose designs were produced under Japanese Imperial printing supervision — the yen-denominated issues were legal tender simultaneously in Korea and, under certain conditions, interchangeable with notes of the Bank of Japan proper.
Wartime hoarding and the chaotic currency reforms following Japan's 1945 surrender led to massive destruction of surviving Bank of Chosen stock. The 1946 Military Yen conversion and subsequent U.S. Army Military Government overprints rendered these notes obsolete almost overnight.