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50 Yuan

正面描述	Teal and green tones on a vertically oriented note with an intricate guilloche border. An oval vignette at centre presents a portrait of Sun Yat-sen in military dress. The denomination 伍拾圓 appears in large Chinese characters above and below the portrait, flanked by repeated numeral panels, with red seal impressions and the legend 限馬祖通用 (valid for Matsu use only) printed in red at left and right margins.
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背面铭文	BANK OF TAIWAN FIFTY YUAN 限馬祖通用 THE FIRST PRINTING FACTORY 50
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备注	The Bank of Taiwan was not a central bank in the conventional sense — it operated as Taiwan's de facto currency authority after 1945 when the island was returned to the Republic of China, and again after 1949 when the Nationalist government retreated from the mainland. This 1951 series was issued under conditions of acute monetary fragility; the hyperinflation that had devastated the old Taiwan dollar was still recent memory, and the New Taiwan Dollar had only been introduced in 1949 at a rate of 40,000 old dollars to one new. The First Printing Factory, operating domestically on the island, handled production — a logistical necessity given the complete severance from mainland printing facilities.