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1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1961-1974 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse bears a central intaglio vignette of the Presidential Office Building in Taipei, a grand Baroque-style edifice rendered in detailed line engraving, set within a ruled border with guilloche ornamental corners. The building's facade, tower, and forecourt are clearly delineated, flanked by decorative scrollwork framing typical of mid-twentieth-century Taiwanese banknote design. |
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| Variants | P#1971a - engraved P#1971b - lithographed |
| Comments |
The Bank of Taiwan 1 Yuan series occupied an awkward position in the island's monetary system — the New Taiwan Dollar had been introduced in 1949 at a rate of 40,000 old Taiwan Dollars to 1, a redenomination forced by catastrophic hyperinflation that followed the KMT's retreat from the mainland. By 1961, the 1 Yuan note was already near the bottom of practical utility, eroded by a decade of postwar inflation that made small-denomination paper increasingly ceremonial rather than functional.
The Central Engraving and Printing Plant had relocated from Nanjing to Taiwan in 1949, reestablishing operations under the ROC government. Its output during this period was technically competent but constrained by the economic circumstances of a government still officially at war.