Catalog
5.000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1948 |
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| Currency | Yuan (1914-1949) |
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| Obverse description | Tall, narrow note printed in rose-red on a pale cream ground. At the top, a central vignette of a building flanked by two confronting dragons appears beneath the large Chinese header inscription; vertical column text runs down both lateral margins. The large denomination inscription '台幣伍仟圓整' occupies the central panel in bold characters, with issuing authority columns to the left and serial number and pay-on-demand notations to the right. The denomination '5000' is printed in Western numerals at the foot, with decorative bamboo and plant motifs filling the side borders. |
|---|---|
| Obverse lettering | 台灣銀行 本票 台幣伍仟圓整 中華民國 台灣銀行嘉義分行 憑票即付 總字第 號 TWY5000 |
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| Comments |
By 1948, the Bank of Taiwan had severed its currency from the collapsing Nationalist Chinese financial system on the mainland — this note belongs to that brief window of managed separation before the full-scale retreat of the KMT government to the island in 1949 brought an entirely new monetary pressure. The bank had been reconstituted under ROC authority after Japan's 1945 surrender, inheriting the infrastructure of the wartime Nippon Ginko-backed institution.
The high denomination reflects accelerating inflationary pressure that would ultimately force the June 1949 currency reform, replacing the old Taiwan Yuan at 40,000-to-1 with the New Taiwan Dollar.