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1 Yuan Quemoy
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1949 |
| 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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| In circulation to | Log in to see details |
| Reference(s) | P#R102 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 台灣銀行 壹圓 限金門通用 限金門通用 中華民國三十八年印 第一印刷廠 (Translation: Bank of Taiwan One Yuan Usage limited to Kinmen Usage limited to Kinmen Printed in the 38th year of the Republic of China First Printing Factory) |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF TAIWAN 金門 金門 ONE YUAN 1949 |
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| Comments |
Quemoy (Kinmen) notes were issued as a distinct local currency to prevent capital flight between the island garrison and Taiwan proper — a deliberate monetary firewall during the chaotic final phase of the Chinese Civil War. The Bank of Taiwan printed this series on Taiwan but restricted its legal tender status to Quemoy, which remained under Republic of China military control even after the mainland fell to the PLA in October 1949.
The First Printing Factory designation refers to the Bank of Taiwan's own production facility, not an outside commercial printer. Quemoy's isolation meant these circulated hard in a confined military-administrative economy for years longer than comparable Taiwan-issue notes of the same period.