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5 Yuan Bank of Taiwan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1969 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 155 × 66 mm |
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| Obverse description | Blue on multicolour underprint, with an intaglio portrait of Dr. Sun Yat-sen in an oval vignette at left, framed by fine guilloche scrollwork. A large central denomination cartouche in red and blue bears the characters 伍圓, flanked by two red seal impressions, with the bank title 臺灣銀行 inscribed below. The note is enclosed by an ornate foliate border, with the legend 中華民國 across the top and the printer's imprint along the lower margin. |
|---|---|
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| Reverse lettering | 5 5 5 5 5 中華民國五十八年製版 (Translation: Engraved in the 58th year of the Republic of China) |
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| Comments |
The Bank of Taiwan occupied an unusual position in Chinese monetary history — technically a provincial bank, it functioned as Taiwan's de facto central bank from 1949 until the Central Bank of China was reactivated in 1961, and continued issuing its own parallel currency for decades afterward. The New Taiwan Dollar, which these notes denominate, was introduced in June 1949 at a rate of 40,000 old Taiwan dollars to one new, a brutal conversion that wiped out the savings of anyone still holding the old issue.
The Central Engraving and Printing Plant relocated from the mainland to Taipei in 1949 and has handled virtually all of Taiwan's security printing since. By 1969 the plant's output was technically accomplished, though the 5 Yuan denomination saw heavy everyday use and worn examples substantially outnumber uncirculated survivors.