Catalog
10 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1950 |
| Type | Standard circulation banknote |
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| Obverse description | Central oval vignette with a portrait of Sun Yat-sen in military uniform, surrounded by a guilloche border. The vertical format note bears the issuer name 台灣銀行 (Bank of Taiwan) at the top in Chinese characters, with the denomination 拾圓 (Ten Yuan) rendered in large Chinese characters in the lower central panel, flanked by two red overprint seals reading 限金門通用 (valid only in Kinmen). The serial number appears in black at both the upper and lower portions of the note, with the date 中華民國三十九年 (Republic of China Year 39) printed at the foot. |
|---|---|
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| Reverse lettering | BANK OF TAIWAN TEN YUAN 金門 10 1950 |
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| Comments |
The Bank of Taiwan was not Taiwan's central bank — it functioned as a quasi-central bank by necessity after 1945, when the island was separated from Japanese administration and required its own monetary infrastructure before the Republic of China government fully relocated from the mainland. The 1950 date is significant: by then, the KMT had already retreated to Taiwan following the Communist victory, and the currency system was operating under conditions of acute political emergency. A reform the previous year had replaced the old Taiwan yen at a brutal exchange rate of 40,000 to 1, and the new dollar series — of which this note is part — was backed in part by gold reserves brought from the mainland.
The Central Engraving and Printing Plant had itself relocated to Taiwan during the retreat.