10 Yuan blue

The Bank of Taiwan functioned as Taiwan's de facto central bank from 1946 until the Central Bank of China formally reassumed that role in 1961 — this 1960 issue sits right at the end of that arrangement. The Central Engraving and Printing Plant had relocated from the mainland to Taipei following the Nationalist retreat in 1949, and by 1960 had over a decade of uninterrupted production behind it on the island.

The Pick reference P#1969 is a catalog anomaly worth noting: the numbering reflects late cataloging rather than any unusual issuance sequence. Paper quality on this series is known to vary, with some runs showing inconsistent ink saturation attributed to material supply constraints in the early 1950s — though by this 1960 printing those issues had largely been resolved.