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1000 Yuan
| Issuer | Bank of Taiwan |
|---|---|
| Year | 1948 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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|---|---|
| Obverse lettering | 行銀灣台 幣台 壹 仟 圓 印年七十三國民華中 廠製印央中 (Translation: Bank of Taiwan Taiwanese currency One Thousand Yuan Printed in the 37th year of the Republic of China Central Printing and Engraving) |
| Reverse description | The reverse is printed in red and olive-green on a cream ground, with an elaborate guilloche border framing the central design. A large oval vignette at centre depicts the naval Battle of Liaoluo Bay (1633), with sailing warships engaged in combat before a coastal landscape. The numeral "1000" appears in large figures to the left and right of the central vignette. |
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| Comments |
By 1948, the Bank of Taiwan had effectively decoupled from the collapsing mainland financial system, issuing its own series ahead of the formal introduction of the New Taiwan Dollar in June 1949. This 1000 Yuan note belongs to that transitional period — printed domestically by the Central Engraving and Printing Plant as Taiwan scrambled to establish independent monetary infrastructure before the KMT government's full retreat from the mainland.
The timing matters. Notes of this denomination circulated alongside catastrophic hyperinflationary conditions on the mainland, though Taiwan's own currency was spared the worst of it precisely because this parallel system was already in place.