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10000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Old Taiwanese Dollar (1946-1949) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 行銀灣台 幣台 壹 萬 圓 (Translation: Bank of Taiwan Taiwanese currency Ten Thousand Yuan Printed in the 38th year of the Republic of China Central Printing and Engraving) |
| Reverse description | Printed entirely in red on a light pink underprint, the reverse centres on an intaglio vignette of the Bank of Taiwan's head office building rendered in fine line engraving. The building is flanked on each side by large denomination numerals set within elaborate guilloche rosette panels, and the entire composition is enclosed by a scalloped lathe-work border with ornate corner flourishes. |
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| Comments |
The Bank of Taiwan's 1949 high-denomination issues were emergency responses to the catastrophic hyperinflation that had consumed mainland China and was now threatening Taiwan as the Nationalist government retreated there. The Central Engraving and Printing Plant — the KMT's own security printer — relocated to Taiwan in 1948-49, which is why production could continue locally rather than depend on foreign contractors.
The 10,000 Yuan denomination, enormous by prewar standards, was already insufficient by the time notes reached circulation. A currency reform later in 1949 introduced the New Taiwan Dollar at 40,000 old Yuan to one, effectively wiping out these notes' face value almost immediately after issue.