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100.000 Yuan

发行方 Bank of Taiwan
年份 1948
类型 Standard circulation banknote
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正面铭文 臺灣銀行本票
總字第 號
憑票即付
中華民國
年 月 日
銀行滙副州
拾萬圓整
TW$100000
背面描述 The reverse is printed on plain, undecorated cream-coloured paper with no vignette or text, showing only aging stains and fold lines consistent with circulation use.
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By mid-1948, hyperinflation on the mainland had already destroyed public confidence in Nationalist currency, and Taiwan was not immune. The Bank of Taiwan had been re-established under ROC administration following Japan's 1945 surrender, but it was issuing notes in denominations that would have been unthinkable just a few years earlier. This 100,000 Yuan note is a direct artifact of that collapse — a denomination that existed not because of economic growth but because the currency unit itself had become nearly worthless.

The following year, the New Taiwan Dollar was introduced at a rate of 40,000 old Yuan to 1 NTD, a conversion that effectively wiped out the purchasing value of notes like this one overnight.

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