50 Yuan Bank of Taiwan, offset panel

The Bank of Taiwan operated as a quasi-central bank for the Republic of China government on Taiwan throughout the postwar decades, issuing currency independently of the Central Bank of China, which had been formally suspended from note-issuing functions in 1949. This arrangement persisted until 1961 when the Central Bank resumed operations — yet Bank of Taiwan notes continued circulating alongside Central Bank issues well into the 1970s, creating an unusual dual-issuer situation for a single currency system.

The "offset panel" designation distinguishes this 1972 printing from earlier intaglio-heavy variants in the series, reflecting a broader shift toward offset lithography at the Central Printing Factory during this period. Watermark security was retained, but the tactile depth characteristic of engraved notes is absent.