Catalog
10000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | 10 000 Yuan (10 000) |
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|---|---|
| Obverse lettering | 行銀灣台 幣台 壹 萬 圓 印年七十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency Ten Thousand Yuan Printed in the 37th year of the Republic of China Central Printing and Engraving) |
| Reverse description | Central oval vignette illustrating the naval Battle of Liaoluo Bay (1633), rendered in intaglio with a scene of sailing vessels engaged in combat on the water against a coastal backdrop. The vignette is surrounded by elaborate guilloche lacework in violet-purple, with the denomination value "10,000" repeated in all four corners and along the upper and lower borders. |
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| Comments |
The Bank of Taiwan's 1948 high-denomination issues emerged directly from hyperinflation on the Chinese mainland bleeding into Taiwan's monetary system. The Central Printing Factory — operating under Nationalist government authority — was producing notes in denominations that would have been unthinkable just years earlier, as the gold yuan and its predecessors collapsed in rapid succession. A 10,000 Yuan note in 1948 was not a prestige instrument; it was a symptom.
Taiwan would replace this currency with the New Taiwan Dollar in June 1949, pegged at 40,000 of the old yuan to one new dollar — which gives some sense of where purchasing power had gone.