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1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1954 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 臺灣銀行 壹圓 限馬祖地區通用 中華民國四十三年 |
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| Reverse lettering | BANK OF TAIWAN ONE YUAN 1954 祖 馬 |
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| Comments |
The Bank of Taiwan operated as a quasi-central bank for the island following the KMT retreat from the mainland in 1949, issuing its own currency distinct from the New Taiwan Dollar administered by the Central Bank. This 1 Yuan note belongs to a series produced during a period of strict monetary controls imposed under martial law, when the Taiwan Provincial Government maintained tight oversight of circulation volumes to prevent a repeat of the hyperinflationary collapse that had devastated the mainland currency just years earlier.
Pick R120 — the "R" prefix in the catalog denotes regional issue status, a classification that still generates occasional debate among specialists regarding the note's precise institutional authority.