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10 Yuan green/brown

Issuer Bank of Taiwan
Year 1949
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Shape Rectangular (Vertical)
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Obverse description Portrait of Dr. Sun Yat-sen in an oval vignette at centre, set within a vertical format of blue-grey and purple tones with ornate guilloche underprint. A decorative cartouche bearing the Chinese characters for the denomination occupies the lower half of the note. The issuer's name in Chinese characters runs horizontally across the upper portion, with the denomination numerals repeated in the four corners.
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Reverse description A vignette of the Bank of Taiwan's main building occupies the upper portion, rendered in intaglio in reddish-brown tones. Below it, a bold numeral '10' is superimposed over an outlined map of Taiwan, with the English inscription 'TEN YUAN' beneath. The date '1949' appears at the bottom centre within a fine border frame, and corner numerals repeat the denomination.
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The Bank of Taiwan's 1949 issues mark the frantic monetary reset that followed the Nationalist government's retreat from the mainland. The New Taiwan Dollar was introduced in June 1949 at a rate of 40,000 Old Taiwan Yuan to 1 NTD — itself a currency already ravaged by hyperinflation imported from the collapsing ROC economy on the mainland. This note predates that conversion, placing it in the last weeks of the old system.

The Central Engraving and Printing Plant had relocated to Taipei only under wartime pressure, and early output reflects the constrained conditions of that transition.

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