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| 正面描述 | Vertically oriented note printed in red on cream paper, with the institution name 臺灣銀行 (Bank of Taiwan) inscribed in Chinese characters across the top. The central field carries the denomination in large Chinese characters (拾萬圓整), framed by a simple guilloche border with foliate ornaments at the sides. A large rectangular cancellation chop in purple ink is applied over the face, indicating withdrawal or validation; a serial number appears in the upper right area. |
|---|---|
| 正面铭文 | 臺灣銀行本票 總字第 號 憑票即付 中華民國 年 月 日 銀行滙副州 拾萬圓整 TW$100000 |
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By mid-1948, hyperinflation on the mainland had already destroyed public confidence in Nationalist currency, and Taiwan was not immune. The Bank of Taiwan had been re-established under ROC administration following Japan's 1945 surrender, but it was issuing notes in denominations that would have been unthinkable just a few years earlier. This 100,000 Yuan note is a direct artifact of that collapse — a denomination that existed not because of economic growth but because the currency unit itself had become nearly worthless.
The following year, the New Taiwan Dollar was introduced at a rate of 40,000 old Yuan to 1 NTD, a conversion that effectively wiped out the purchasing value of notes like this one overnight.