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1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | New Taiwan Dollar (1949-date) |
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| Obverse description | Vertically oriented note printed in rose-red on a light ground, with an oval portrait vignette of Sun Yat-sen at centre, set within a geometric guilloche border. The bank title 台灣銀行 (Bank of Taiwan) is inscribed in Chinese characters above the portrait, while the denomination 壹圓 appears in a decorative cartouche below. Serial number and date inscription 中華民國三十八年 run along the lower margin, with corner numerals 壹 repeated at all four positions. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF TAIWAN ONE YUAN 1949 |
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| Comments |
The Bank of Taiwan 1 Yuan of 1949 belongs to the emergency currency structure assembled after the Nationalist government retreated to Taiwan following the Communist victory on the mainland. The ROC had just completed a catastrophic hyperinflationary collapse on the continent — the Gold Yuan reform of 1948 had failed within months — and Taiwan needed a functioning local currency quickly. This note was part of that stopgap framework, issued under a temporary provincial banking authority rather than the central government.
Pick 102A is the version without the overprint that appears on related issues in the series. The distinction matters to completists tracking the administrative transitions of that period.