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5 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#102B |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 台灣銀行 伍圓 伍 中華民國三十八年 |
| Reverse description | Green-toned reverse with an upper vignette of a classical Western-style building, identified as the Bank of Taiwan headquarters, framed by fine guilloche work. Below, a map of Taiwan island is rendered as a central vignette with the numeral 5 superimposed. The English inscriptions BANK OF TAIWAN and FIVE YUAN appear between the two vignettes, and the printer's imprint THE FIRST PRINTING FACTORY is present at the lower margin. Red overprint characters indicating trial or specimen status are applied diagonally across both vignettes. |
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| Comments |
The Bank of Taiwan's 1949 small-denomination notes were issued under extreme monetary pressure — the New Taiwan Dollar had just been introduced in June of that year at a conversion rate of 40,000 old Taiwan Dollars to one new unit, a direct consequence of hyperinflation that had followed the Nationalist government's retreat from the mainland. This 5 Yuan note belongs to that stabilization series, printed domestically at the First Printing Factory rather than abroad, which was a deliberate choice given the political urgency of establishing independent monetary infrastructure on the island.
The compact dimensions reflect paper conservation priorities of the period, not a design preference.