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1000 Yuan Bank of Taiwan, with watermark
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1981 |
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| Printer | Central Engraving and Printing Plant (中央印製廠), Taiwan (1949-date) |
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| Obverse description | Left-center intaglio vignette of President Chiang Kai-shek in three-quarter facing portrait, set against an elaborate guilloche underprint in soft blue and green tones. The denomination 壹仟圓 appears in large Chinese characters at center-right, flanked by decorative floral and lattice patterns. The issuer inscription 臺灣銀行 is printed in red at lower center, with 中華民國 at the top and serial numbers in black at lower left and right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette of the Presidential Office Building in Taipei, a grand red-brick colonial-era structure rendered in fine intaglio engraving, set within an ornate guilloche border. The denomination 壹仟圓 and numeral 1000 appear on both sides of the central vignette, with the issue year inscription 中華民國七十年版 at lower right. |
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| Comments |
The Bank of Taiwan occupied an unusual constitutional position for decades — technically a provincial bank, yet functioning as Taiwan's de facto central bank from 1949 until the Central Bank of the Republic of China formally reassumed that role in 1961. Even after losing that status, Bank of Taiwan notes continued circulating alongside Central Bank issues well into the 1980s, creating a parallel currency system that confused foreign observers but caused little practical friction domestically.
The watermark addition on this 1981 printing was a direct response to counterfeiting pressure on earlier unwatermarked issues from the same series. The Central Engraving and Printing Plant had produced the base design without watermark security for years before the upgrade.