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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 | Log in to see details |
| Composition | Log in to see details |
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| Reference(s) | P#1966 |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in green and centres on a vignette of the Bank of Taiwan building set within a circular frame, surrounded by fine guilloche underprint. The English inscription BANK OF TAIWAN arches across the upper portion, with ONE YUAN in large lettering below the central vignette. The year 1954 appears at the bottom, flanked by the numeral 1 in each corner within decorative cartouches. |
| Reverse lettering | BANK OF TAIWAN ONE YUAN 1954 |
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| Comments |
The Bank of Taiwan occupied a peculiar constitutional position in the 1950s: it functioned as the de facto central bank of the Republic of China government-in-exile on Taiwan, issuing currency under its own name rather than any national banking authority. This note belongs to the early post-retreat period, when the Nationalist government was still operating under the fiction that mainland recovery was imminent — a political posture that shaped monetary policy for years.
The Taiwan Bank Note Printing Works had only recently developed sufficient domestic capacity to produce this series in-house, reducing dependence on foreign printers that had supplied earlier ROC currency.