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500 Yuan Bank of Taiwan, without watermark
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1976 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 170 × 75 mm |
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| Obverse description | Left-facing portrait vignette of Chiang Kai-shek at centre-left, rendered in intaglio against a multicolour guilloche underprint in green and purple. The bank title in Chinese characters occupies the upper centre field, with the denomination in Chinese and Arabic numerals repeated in each corner. Intricate floral and scrollwork border elements frame the entire note. |
|---|---|
| Obverse lettering | 500 佰伍 國民華中 圓佰伍 行銀灣臺 佰伍 500 (Translation: Republic of China Five Hundred Yuan Bank of Taiwan) |
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| Comments |
The Bank of Taiwan functioned as Taiwan's de facto central bank from 1961 until the Central Bank of the Republic of China formally reassumed that role in 1979 — this note falls squarely in that transitional window. The 500 Yuan denomination was never a workhorse of daily commerce; by the mid-1970s it was a high-value note in a still-developing consumer economy, more likely to move through business transactions than through ordinary hands.
The without-watermark distinction is the meaningful collecting variable here. Earlier printings of this series carried a watermark; its absence in this variant points to either a paper supply change or a deliberate production decision at the Central Engraving and Printing Plant — the precise reason is not documented in standard references.