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5 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | 5 Yuan (5 TWD) |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Central vignette of a portrait of Dr. Sun Yat-sen, founder of the Republic of China, set within a decorative frame. The denomination in Chinese majuscule numerals appears below the portrait. Issuing bank name and date inscriptions border the design in vertical format. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Upper portion carries a vignette of the Bank of Taiwan building rendered in fine line engraving. Below, a cartographic outline of Taiwan island frames the large numeral '5' at centre. The date '1949' appears at the foot of the note within a decorative guilloche border running the full width. |
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| Comments |
The Bank of Taiwan's 1949 issues were emergency instruments born directly from the catastrophic hyperinflation that had destroyed confidence in the mainland's currency. When the Nationalist government retreated to Taiwan, the New Taiwan Dollar was introduced in June 1949 at a rate of 40,000 old Taiwan Yen to one new dollar — a ratio that tells you everything about the monetary collapse preceding it.
Printed domestically by the Central Engraving and Printing Factory in Taipei rather than sourced from established overseas security printers, the series reflects the Republic of China's sudden need for monetary self-sufficiency under siege conditions. The pick reference P#1952 follows the Krause numbering for this inaugural New Taiwan Dollar series.