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1 Yen in Gold
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1915 |
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| Reference(s) | P#1921 |
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|---|---|
| Obverse lettering | 1 券行銀灣臺 壹 臺灣銀行 圓壹 壹 此券引換に圓相渡可申俟也 1 (Translation: Bank of Taiwan note 1 Bank of Taiwan One Yen In exchange for this note, a corresponding amount in yen shall be paid) |
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| Protection type | Watermark |
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| Comments |
The Bank of Taiwan, established in 1899 under Japanese colonial authority, functioned as a quasi-central bank for Taiwan and extended its operations into southern China and Southeast Asia — a deliberate instrument of Japanese financial expansion into the region. This note predates the aggressive wartime issues by two decades and belongs to the relatively stable early colonial period when the bank maintained genuine convertibility obligations.
The "in Gold" designation carried legal weight, pegging redemption to gold rather than silver, which mattered considerably in a region where silver-denominated currencies still dominated local trade.