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| 正面描述 | Intaglio-printed portrait of Dr. Sun Yat-sen in an oval vignette at left, set against a fine guilloche underprint. At centre, the denomination 壹圓 appears within a decorative rosette cartouche in red-brown. To the right, a scenic vignette of the Chinshui Cliffs (Hualian) rendered in fine line engraving, with the coastline and sea beyond. Two red seal impressions flank the central cartouche, and the issuer name 臺灣銀行 is printed in bold Chinese characters at top centre, with the Republic of China year date below. |
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| 正面铭文 | 臺灣銀行 壹圓 中華民國五十年 臺灣銀行印刷所 (Translation: Bank of Taiwan, One Yuan, The 50th Year of the Republic of China, Taiwan Bank Printing Office) |
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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.