10 Yuan blue

The Bank of Taiwan's 1949 issues mark the moment the Nationalist government evacuated the mainland and established Taiwan as its base of operations — the currency reform of June 1949 replaced the collapsing Old Taiwan Dollar at a rate of 40,000 to 1, one of the more brutal redenominations of the postwar period. This blue 10 Yuan belongs to the initial series issued under that reform, backed nominally by gold reserves the KMT had airlifted from Shanghai earlier that year.

The Pick reference P#1955 suggests catalog placement by issue date confirmed later — collectors should verify series letter and block characters, as printings within this type vary in scarcity.