Catalog
1 Yuan Quemoy
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
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| Reference(s) | P#R102 |
| Obverse description | Vertical-format note printed in green and yellow on cream paper, with an intaglio oval vignette of Sun Yat-sen at centre enclosed within a fine guilloche border. The bank title in Chinese characters (台灣銀行) appears at the upper portion flanked by denomination numerals in the corners, with two red seal impressions at mid-note on either side; the denomination 壹圓 is rendered in large characters at the lower centre above an ornate ruyi-motif underprint. The Kinmen restriction overprint (限金門通用) is applied in red vertically along both the left and right margins. |
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| Obverse lettering | 台灣銀行 壹圓 限金門通用 限金門通用 中華民國三十八年印 第一印刷廠 (Translation: Bank of Taiwan One Yuan Usage limited to Kinmen Usage limited to Kinmen Printed in the 38th year of the Republic of China First Printing Factory) |
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| Comments |
Quemoy (Kinmen) notes were issued as a distinct local currency to prevent capital flight between the island garrison and Taiwan proper — a deliberate monetary firewall during the chaotic final phase of the Chinese Civil War. The Bank of Taiwan printed this series on Taiwan but restricted its legal tender status to Quemoy, which remained under Republic of China military control even after the mainland fell to the PLA in October 1949.
The First Printing Factory designation refers to the Bank of Taiwan's own production facility, not an outside commercial printer. Quemoy's isolation meant these circulated hard in a confined military-administrative economy for years longer than comparable Taiwan-issue notes of the same period.