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1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse is printed in green tones and carries the English inscription BANK OF TAIWAN at the top, below which a circular vignette presents a view of the Bank of Taiwan building. Beneath the building vignette, a map outline of Taiwan island is centred, with the denomination ONE YUAN inscribed across the middle in English. Large red Chinese characters 大陳 appear on either side of the central design, indicating the note's regional validity for the Dachen Islands. |
| Reverse lettering | BANK OF TAIWAN ONE YUAN 大陳 |
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| Comments |
The Bank of Taiwan's 1949 small-denomination notes were issued under acute political pressure, as the Nationalist government completed its retreat from the mainland. Taiwan had already undergone one catastrophic currency reform in June 1949 — the New Taiwan Dollar replaced the Old Taiwan Dollar at a rate of 40,000 to 1 — and these notes were part of the stabilization series that followed. The reform was backed by a gold reserve transferred from Shanghai, a detail that gave the new currency at least nominal credibility where its predecessor had none.
P#140 is among the more commonly encountered notes from this issue, having circulated widely through a period of genuine economic reconstruction.