Catalog
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| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
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| Value | 1 Yuan (1 TWD) |
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| Obverse description | Central vignette of Sun Yat-sen's portrait set against a guilloche underprint, with the denomination expressed in Chinese majuscule numerals. Two red official stamps are applied to the face of the note. Bank name and printing inscriptions appear in Chinese characters across the design. |
|---|---|
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| Reverse description | Central oval vignette of the Bank of Taiwan building, rendered in intaglio with fine line engraving and framed by a laurel wreath border. Below the vignette, the English denomination legend "ONE YUAN" appears, with a map of Taiwan superimposed over a large numeral "1" occupying the lower half of the note. A dense guilloche underprint in pale rose runs throughout, lettered with repeating "BANK OF TAIWAN ONE YUAN" text. |
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| Comments |
When the Nationalist government retreated to Taiwan in 1949, the Bank of Taiwan needed an emergency currency that could be put into circulation almost immediately. These notes were antedated — a deliberate administrative decision to obscure the precise timing of the monetary transition and lend the new issue an air of institutional continuity that the circumstances did not actually support.
The First Printing Factory designation refers to the Central Engraving and Printing Plant's Taiwan facility, which was operating under significant resource pressure during this period. Antedated notes from this issue are frequently mistaken for an earlier series by collectors unfamiliar with the 1949 reform chronology.