Catalog
500 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 行銀灣台 幣台 伍 百 圓 印年五十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency Five Hundred Yuan Printed in the 35th year of the Republic of China Central Printing and Engraving) |
| Reverse description | Printed in orange-brown, the reverse carries a central oval vignette with an intaglio scene of the Battle of Liaoluo Bay (1633), rendered with sailing warships engaged in combat before a mountainous coastal backdrop. The denomination numeral "500" appears in large figures at each corner and within the flanking guilloche panels, with an ornate lathe-work border framing the entire composition. |
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| Comments |
The Bank of Taiwan resumed note issuance under the newly arrived Nationalist administration in 1946, distinct from the wartime Taiwanese yen that had circulated under Japanese colonial authority. This 500 Yuan note belongs to the transitional series issued before hyperinflation on the mainland began distorting Taiwan's own monetary conditions — a separation that was never truly clean, since the Taiwan dollar had not yet been introduced and the island's currency remained entangled with the collapsing ROC financial system.
The Central Engraving and Printing Plant had relocated printing operations to Taiwan by this point, a logistical reality that would prove consequential as the Nationalist government's control of mainland facilities became untenable within a few years.