Catalog
10 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1950 |
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| Shape | Rectangular |
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|---|---|
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| Reverse description | Vignette of the Bank of Taiwan building at upper center, set within a fine guilloche border. English inscription BANK OF TAIWAN and TEN YUAN below the building vignette. Lower panel contains a map of Taiwan with the numeral 10 superimposed, with red overprint characters 金門. |
| Reverse lettering | BANK OF TAIWAN TEN YUAN 1950 |
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| Comments |
The Bank of Taiwan's 1950 10 Yuan note belongs to a series issued after the June 1949 currency reform that replaced the old Taiwan Yuan at a rate of 40,000 to 1 — itself a consequence of the catastrophic hyperinflation imported from the mainland as Nationalist forces collapsed. The Bank of Taiwan, not the central bank of the Republic of China, held the issuing authority for Taiwan's circulating currency throughout this period, a deliberate structural choice made to insulate the island's monetary system from the mainland's financial wreckage.
The Central Engraving and Printing Plant had relocated to Taiwan in 1949, and this note was among the earliest productions from its reestablished operations there.