Catalog
5 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
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| Value | 5 Yuan |
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| Obverse description | Green and red note with a central oval vignette bearing a portrait of Sun Yat-sen facing three-quarters left, surrounded by an ornate guilloche border. The bank name 台灣銀行 (Bank of Taiwan) is inscribed in Chinese characters across the top, with the denomination 伍圓 rendered in a decorative cartouche at centre. The serial number appears twice at top and bottom, with the date inscription 中華民國三十八年 along the lower margin. |
|---|---|
| Obverse lettering | 台灣銀行 伍圓 伍 中華民國三十八年 |
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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.