Catalog
5 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1946 |
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| Currency | Old Taiwanese Dollar (1946-1949) |
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| Obverse description | Printed in red on a cream ground, the obverse carries a vignette of the Bank of Taiwan building at left and a central oval portrait of Dr. Sun Yat-sen within an intaglio frame. A map of Taiwan occupies the right panel, flanked by ornate guilloche borders. The bank title in Chinese characters appears across the top, with the denomination and date of issue inscribed along the lower margin. |
|---|---|
| Obverse lettering | 行銀灣台 幣台 伍 圓 印年五十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency Five Yuan Printed year 35 of the Republic of China Central Printing and Engraving) |
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| Comments |
The Bank of Taiwan resumed operations under Nationalist Chinese administration in May 1946, following Japan's defeat and the handover of Taiwan. This note belongs to the first paper currency series issued under that reorganized authority — a transitional issue printed domestically at a time when the island's economy was still being reintegrated into the Republic of China monetary system.
By 1949, catastrophic hyperinflation on the mainland had driven enormous quantities of capital and refugees into Taiwan, placing the island's currency under severe pressure. A new Taiwan dollar replaced these yuan-denominated notes at a rate of 40,000 old yuan to 1 new dollar.