Catalog
1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
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| Value | 1 Yuan |
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| Obverse description | The obverse is dominated by a central oval vignette containing a portrait of Sun Yat-sen in military attire, set against a decorative guilloche underprint in green and cream tones. The issuer's name 台灣銀行 (Bank of Taiwan) is inscribed vertically at centre top in large Chinese characters, with the denomination 壹圓 rendered in an ornate cartouche below the portrait. Two red seal impressions flank the central cartouche, and the serial number appears at both the top and bottom of the note, with corner numerals reading 壹 at each angle. |
|---|---|
| Obverse lettering | 台灣銀行 壹圓 壹 限大陳地區通用 中華民國三十八年 |
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| Comments |
The Bank of Taiwan's 1949 small-denomination notes were issued under acute political pressure, as the Nationalist government completed its retreat from the mainland. Taiwan had already undergone one catastrophic currency reform in June 1949 — the New Taiwan Dollar replaced the Old Taiwan Dollar at a rate of 40,000 to 1 — and these notes were part of the stabilization series that followed. The reform was backed by a gold reserve transferred from Shanghai, a detail that gave the new currency at least nominal credibility where its predecessor had none.
P#140 is among the more commonly encountered notes from this issue, having circulated widely through a period of genuine economic reconstruction.