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50 Yuan Bank of Taiwan

Issuer Bank of Taiwan
Year 1970
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Currency New dollar (1949-date)
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Obverse description Intaglio portrait of Dr. Sun Yat-sen at left, set against a violet and green guilloche underprint. A large green oval guilloche vignette bearing the denomination characters occupies the centre-right. The issuer inscription 臺灣銀行 (Bank of Taiwan) appears at lower centre, with 中華民國 (Republic of China) at top centre and the denomination 伍拾圓 rendered in large characters within the central vignette.
Obverse lettering 拾伍 拾伍 國民華中 圓拾伍 行銀灣臺 伍 拾 伍 拾 版製年九十五國民華中
(Translation: Republic of China Fifty Yuan Bank of Taiwan The 59th year of the Republic of China)
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Comments

The Bank of Taiwan, though nominally a provincial institution, functioned as the de facto central bank of the Republic of China on Taiwan from 1949 onward — the actual Central Bank of China had been suspended. This arrangement persisted until 1961, when the Central Bank was formally reactivated in Taipei, but the Bank of Taiwan continued issuing its own currency for years afterward under legacy authority.

The Central Engraving and Printing Plant relocated from the mainland in 1949 and re-established operations in Taiwan, giving the ROC government an in-house security printing facility that underpins the entire postwar Taiwan note series.

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