10 Yuan

The Bank of Taiwan, though nominally a provincial bank, functioned as the de facto central bank for the Republic of China government on Taiwan from 1949 onward — a structural anomaly that persisted for decades precisely because formally establishing a new central bank would have implied permanent separation from the mainland. The Central Bank of China was revived in Taipei only in 1961, but the Bank of Taiwan retained its dominant role well into the 1970s, and this issue sits squarely in that overlap period.

The Central Engraving and Printing Plant in Taipei had by 1972 developed sufficient intaglio capacity to handle domestic note production without foreign contract printers — a relatively recent capability for the island at that point.