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1 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1954 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | New dollar (1949-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Vignette of the Bank of Taiwan building within a circular frame at upper centre, set against a finely engraved guilloche background. The English inscription BANK OF TAIWAN appears above, with ONE YUAN below the central numeral cartouche. Characters 祖 and 馬 appear at lower left and right respectively. |
| Reverse lettering | BANK OF TAIWAN ONE YUAN 1954 祖 馬 |
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| Comments |
The Bank of Taiwan operated as a quasi-central bank for the island following the KMT retreat from the mainland in 1949, issuing its own currency distinct from the New Taiwan Dollar administered by the Central Bank. This 1 Yuan note belongs to a series produced during a period of strict monetary controls imposed under martial law, when the Taiwan Provincial Government maintained tight oversight of circulation volumes to prevent a repeat of the hyperinflationary collapse that had devastated the mainland currency just years earlier.
Pick R120 — the "R" prefix in the catalog denotes regional issue status, a classification that still generates occasional debate among specialists regarding the note's precise institutional authority.