Catalog
10 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1954 |
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| Currency | New dollar (1949-date) |
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| Obverse description | At centre, an intaglio-engraved oval portrait vignette of Dr. Sun Yat-sen is set against a fine guilloche underprint in blue, with the issuer's name 行銀灣臺 arching across the top. The denomination 拾圓 appears within an ornate interlaced red and blue medallion in the lower half of the note, flanked by two red seal chops. Serial numbers in red are printed above the portrait and at the base, with the Republic of China era date inscription positioned above the lower serial. |
|---|---|
| Obverse lettering | 行銀灣臺 拾 圓 年三十四國民華中 (Translation: Bank of Taiwan / Ten / Yuan / Year 43 of the Chinese Republic) |
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| Comments |
The Bank of Taiwan operated as a quasi-central bank for the Republic of China government after its retreat from the mainland in 1949, issuing currency independently of the Central Bank of China, which had effectively ceased meaningful operations. This arrangement persisted for decades — the Central Bank of China did not formally resume its role as sole currency authority until 1961, and even then the transition was gradual.
The 1954 series was printed entirely in-house at the Bank of Taiwan's own facility, an unusual degree of self-sufficiency for a postwar issuer still operating under considerable economic strain from the military standoff across the strait.