1 Yuan Quemoy

Quemoy (Kinmen) notes were a distinct regional issue produced specifically for use on the offshore islands controlled by the Republic of China government — a practical measure to prevent currency from flowing freely between the islands and the Taiwan mainland, and to limit the financial exposure if the islands fell to PRC forces. The threat was not theoretical: Quemoy had been shelled intensively in 1958 during the Second Taiwan Strait Crisis.

The Central Printing Factory in Taiwan produced the full Quemoy series, of which this 1 Yuan is the lowest denomination. Circulation on the islands was tightly controlled, and notes were not legal tender elsewhere in the ROC currency zone.